Press & media coverage

Marc von Grundherr from the estate agent Benham and Reeves said the demand for rental properties was also drawing investors in. “I say to investors we have at least 12 applicants for every property, sometimes up to 80,” he said.

Marc von Grundherr, director of Benham and Reeves: “The decision to leave the base rate unchanged will see the property market remain in a holding pattern for the foreseeable future, particularly with the Autumn Budget looming. “This isn’t necessarily a bad thing given that the current market landscape is one of overarching positivity, driven by greater certainty and more measured house price growth, with both buyers and sellers benefitting as a result.

Director of Benham and Reeves Marc von Grundherr, however, noted that “it’s important to remember that even marginal percentage increases in the capital translate into far greater sums on the table for sellers.”

“The latest house price figures show that the market has continued to move forward, with uplifts in both monthly and annual growth demonstrating that there remains a good appetite for homeownership - even if it isn’t as insatiable as we’ve seen in previous years,” explained Marc von Grundherr, director of Benham and Reeves.

“The proposal to shift stamp duty onto sellers via a property tax on homes above £500,000 may sound like a progressive move at a national level, but in reality it’s a tax on London, designed to win favour with the nation’s homebuyers at the expense of the capital’s home sellers,” said Marc von Grundherr, director of Benham and Reeves.

The potential introduction of a national property tax on homes above £500,000 would equate to a ‘tax on London’, says Marc von Grundherr at Benham and Reeves.

New analysis from London estate agent Benham and Reeves shows that lengthy development timelines are restricting the capital’s housebuilders from delivering enough new homes, with new-builds making up only 7.5% of all properties listed for sale across the city.

Lettings agency Benham and Reeves claims red tape is preventing London’s house builders from meeting demand for new homnes.

"Strong wage growth is helping to narrow the affordability gap, while improvements across the mortgage landscape are sparking greater buyer interest and encouraging many who had been sitting on the fence to finally make their move into homeownership," said Marc Von Grundherr at London estate agency Benham and Reeves.

There are also hints that talk of a landlord exodus is overdone: new research from Benham & Reeves found that there are 23.5 per cent more rental properties available now than there were when the Renters’ Rights Bill was introduced to parliament in September last year.