Press Release

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 …

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

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 …

Continue reading “Homebuyers hit with £3.656bn stamp duty bill in the last year alone”

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 …

Continue reading “Prime London buyer demand stalls in Q1”

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 …

Continue reading “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 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 …

Continue reading “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 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 …

Continue reading “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 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 …

Continue reading “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 the house price premiums commanded by freehold properties has climbed by an average of 6.5% across England and Wales, making them 42% more valuable than a leasehold home. However, leasehold homes have better weathered a cooling housing market having seen …

Continue reading “Freehold house price premiums climb by 6.5% year on year, now commanding 42% more than leasehold homes”

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that by coupling up, homebuyers can increase their property purchasing potential with 79% of local authorities in Britain becoming affordable based on the mortgage loan secured at 4.5 times their joint earnings, versus just 9% when going it alone. Benham and …

Continue reading “Coupling up makes 79% of property market affordable versus just 9% for single homebuyers”

The latest research by London lettings and estate agent, Benham and Reeves, reveals that super prime sellers are returning to London’s housing market as listings of homes valued at £10m+ increase by 5.1% on the year. Benham and Reeves has analysed current residential listings of prime (£2m-10m) and super prime (£10m+) homes in London and …

Continue reading “Super wealthy homebuyers are returning to London’s super prime market”

During the cold and wet winter months the need for warm clothing increases sharply, we can only imagine how difficult life must be for those forced into sleeping rough.

The latest research by London lettings and estate agent, Benham and Reeves, has shown that the number of homebuyers taking the plunge on their chosen property has increased, as a hold on interest rates has helped bring confidence to the property market. Benham and Reeves analysed the number of homes listed across the market and …

Continue reading “More buyers taking the plunge as property market continues to stabilise”