Press releases

The latest research London lettings and estate agent, Benham and Reeves, has revealed that rumoured changes to capital gains tax in the upcoming Autumn Budget could see the average landlord hit by a £15,000 increase in the capital gains tax owed on the average buy-to-let property. Benham and Reeves analysed the current level of capital …

Continue reading “Landlords could see capital gains tax bill jump by £15k per property under Labour”

The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that demand for prime property in the capital fell by -2.5% in the third quarter of this year, somewhat dampening the good mood brought on by a promising uptick in Q2. But super prime demand has actually seen demand …

Continue reading “Prime London demand falls in Q3 as wealthy buyers await Labour tax plans”

The latest insight from London lettings and estate agent, Benham and Reeves, has revealed that one in five rental properties across Britain command an average rent equal to that of the average monthly income, however, some properties require an entire year’s income, or more, to rent for a single month. Benham and Reeves analysed current …

Continue reading “The prime rental hotspots where a month’s rent costs a year’s salary”

The latest insight from London lettings and estate agent, Benham and Reeves, has revealed the uphill struggle facing many London lettings agents, with the firm encountering forged IDs, digitally altered supporting documents and undeclared CCJs and IVAs on a monthly basis. In London’s fast paced rental market, the speed at which properties are let can …

Continue reading “London letting market rife with fraudulent activity”

The latest research London lettings and estate agent, Benham and Reeves, has revealed that should Labour honour its commitments to deliver 370,000 new homes a year, it would not only boost housing delivery by 22%, but it could bring a £161.6bn boost in value to the housing market across England. Benham and Reeves looked at …

Continue reading “Labour’s ambitious housing targets could boost market value by £161.6bn in five years”

The latest research London lettings and estate agent, Benham and Reeves, has revealed which areas of the prime London market are leading the charge when it comes to the highest rate of annual house price growth, as the average price achieved per square foot remains down -2.7% across the top tier of the capital’s market …

Continue reading “Prime London remains a buyers market with the exception of these areas”

The latest research London lettings and estate agent, Benham and Reeves, has revealed that high-end homebuyers looking to buy at the very top of London’s prime property ladder require an average income of £776,314 to obtain the mortgage required, 7.9 times that of the average London homebuyer. Benham and Reeves analysed current market values across …

Continue reading “Average London homebuyer needs to earn £100k to get on the ladder – Nearly £800k in prime London”

The latest market insight from London lettings and estate agent, Benham and Reeves, reveals just over a third of all London homes listed for sale in the current market have seen a reduction in asking price, providing London homebuyers with a cost saving opportunity when looking to secure their next home. Benham and Reeves analysed …

Continue reading “The London boroughs where buyers have the best chance of finding a price reduced property”

The latest market insight from London lettings and estate agent, Benham and Reeves, reveals that there is a significant house price premium for properties located in high rental demand areas, making these areas particularly good investment targets for buy-to-let landlords who are looking to mitigate recent efforts to reduce profitability in the sector. Benham and …

Continue reading “High rental demand areas command house price premium of up to 34%”

New insight from London lettings and estate agent, Benham and Reeves, reveals how tenants can beat the competition and get themselves to the front of the queue when it comes to securing their ideal rental property. Be clear on what you want and act quickly A lot of time can be wasted umming and ahhing …

Continue reading “9 ways for tenants to get themselves to the front of the queue”

The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, has revealed that prime buyer demand crept up during the first quarter of this year, reversing the negative trends seen during Q1, although demand remains down on an annual basis. The Prime London Demand Index by Benham and Reeves monitors …

Continue reading “Prime London demand climbs in Q2, reversing downward trend seen so far this year”

The latest research from London lettings and estate agent, Benham and Reeves, has found that while London’s first-time buyers may be getting older, a twenty year high 181,000 FTBs secured their first foot on the housing ladder in a single year – marking a 24% annual increase. Benham and Reeves analysed the latest Gov figures* …

Continue reading “London housing market sees sharp uplift in first-time buyer activity”