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London driving UK rental growth with increases of up to 27%, but Scotland not far behind

Landlords in London are benefitting from double digit increases in rents, outdoing every other region of Great Britain. London rents increased by 11.2% between March 2023 and 2024, rising from £1,848 to £2,055, analysis from London lettings and estate agent, Benham and Reeves, has found. Benham and Reeves analysed the latest rental market data from …

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LTNs boost London property prices but at the detriment of those nearby

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that while London’s Low Traffic Neighbourhoods (LTNs) may be bringing a boost to house prices for homeowners who live within them, the additional strain they place on surrounding roads with respect to increased traffic congestion is a deterrent to many homebuyers. …

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Rental stock availability up 12.1% annually, with London seeing the biggest surge

The latest research by London lettings and estate agent, Benham and Reeves, has shown that rental stock availability is up 12% year on year across England, with London seeing the largest boost to the number of homes available to prospective tenants. Benham and Reeves analysed rental market stock availability across each county in England during …

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London home to the lowest level of tenanted properties for buy-to-let investors

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that while a rental property with a tenant already in place may be a desirable feature for many buy-to-let investors, they are likely to struggle to find this added bonus in the London market, with just 2% of current listings offering …

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Quarterly house price growth cools as buyers and sellers come to terms with new normal of higher mortgage rates

To view the full Market Index Q4 2024 click here. The latest Property Market Index Review by London lettings and estate agent, Benham and Reeves, has revealed that house prices fell by -0.6% in Q4 of last year, marking a second consecutive quarter of negative growth across both the UK and London markets. However, the …

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Homebuyers hit with £3.656bn stamp duty bill in the last year alone

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that, as another financial year comes to a close, it’s Londoners who have paid by far the highest level of Stamp Duty Land Tax over the last year compared to homeowners across the rest of the nation. Benham and Reeves analysed …

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Prime London buyer demand stalls in Q1

The latest Prime London Buyer Demand Index by London lettings and estate agent, Benham and Reeves, shows that buyer demand for both prime London homes (£2m+) and super prime property (£10m+) has fallen during the first quarter of the year, with just a handful of locations seeing an increase in buyer appetites. The Prime London …

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Changes to empty home council tax rates could generate an additional £540m from 1st April

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that councils across England could stand to make an additional £540m a year in council tax on empty homes once new rules come into place from April. Since April 2013, billing authorities have had the power to charge council tax premiums …

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London’s super-prime renters paying £17,600 a year in stamp duty – But it could be set to increase from next March

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that those renting at the very top end of the London rental market could face paying stamp duty to the tune of almost £18,000 from March next year, as changes implemented by Liz Truss regarding residential tenancies and stamp duty charges …

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Flat London market sees apartments account for 49% of all sales

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that Wandsworth was London’s busiest borough for home sales over the last year, accounting for 6% of the 48,278 homes sold across the capital, while flats were the most popular property type accounting for half of all sales. Benham and Reeves …

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Lacklustre Budget is mixed bag for Property Investors

The UK government Budget delivered a mixed bag for landlords, property investors and others wanting a sustained recovery in the British economy. The good news for the property sector revolves around a cut in Capital Gains Tax on property from 28 per cent to 24 per cent – although ironically this will give most benefit …

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Inadequate housing supply has led to the rise of the homeowner housebuilders

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that there has been an increase in the level of homeowner housebuilders taking it upon themselves to improve their properties, as a below par level of housing delivery has left them no choice, having failed to return to pre-pandemic levels. Benham …

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