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Decline in London rental stock pushes rents up by hundreds a month

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed how the cost of renting in London has climbed by hundreds of pounds a month due to dwindling rental stock levels and could continue to do so if the issue is not resolved. Benham and Reeves analysed both the …

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25 years of stamp duty – homebuyers see 490% tax cost increase

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed that in the last 25 years, the cost of stamp duty has increased by 490% for the average homebuyer. Now that the stamp duty holiday is done and dusted, the average homebuyer in England will once again pay the …

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Prime London market sees a 5.8% increase in buyer demand during Q3

The latest Prime London Demand Index by long-standing lettings and estate agent, Benham and Reeves, has shown that homebuyer interest in London’s high-end market has increased 5.8% annually for homes listed at £2m and above and 1.8% across the £10m+ market.

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The UK areas where First Time Buyers will now pay Stamp Duty

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed that a high rate of house price growth caused by the stamp duty holiday will now see some first-time buyers (FTB) pay stamp duty on their purchase as a result of the average house price exceeding the stamp duty …

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A year to evict and £35k in costs – the cost of evicting a COVID rogue tenant revealed

The latest property market analysis by London lettings and estate agent, Benham and Reeves has revealed that the costs incurred by UK landlords who have been unfortunate enough to encounter a nightmare rogue tenant during the pandemic. While the vast majority of tenants are respectful and treat their rented home with great pride and care, …

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Foreign buyer return could boost London house prices by £134k

A return of foreign buyer demand could boost property values by £134,000 in some pockets of the capital’s property market according to the latest property market analysis by London lettings and estate agent, Benham and Reeves. Based on Land Registry data, Benham and Reeves analysed London house price trends in the six months since travel …

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DLR the only line to buck the London Underground pandemic rental decline

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed that all but one line on the London Underground has seen rental market values fall as a result of the pandemic and the resulting reduction in demand from London tenants.

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Nearly 400k property transactions hit by down valuations in the last year

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has estimated that almost 400,000 UK property transactions have been down-valued in the last year alone. Benham and Reeves analysed property market transactions over the last 12 months to reveal how many homes are being down-valued based on a devaluation report …

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The London rental resurgence is in full swing as rents rise and stock levels drop

The London rental market has suffered greatly as a result of the pandemic. Dwindling demand due to a combination of working from home guidelines and travel restrictions preventing foreign interest had caused stock to flood the market and rental prices to fall, as landlords looked to secure a tenant and recoup at least part of …

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Residential remains the dominant force for property investment

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has taken a look at both the residential and commercial property markets and how both are currently performing for those considering an investment but unsure which path to take.

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London homesellers see 6% increase in asking price achieved since start of the year

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed which areas of the London property market are seeing homesellers achieve the highest percentage of asking price, as well as where has seen the biggest increase in asking price achieved.

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Olympic legacy is still benefiting the London property market in these Boroughs

This weekend will see the delayed Tokyo 2020 Olympic Games finally get underway, having been postponed last year due to the COVID-19 outbreak, along with pretty much everything else in life. Much like the recent Euros, it promises to be a unique sporting event with restrictions continuing to prevent a full return to normality. However, …

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