London estate agent Benham & Reeves has recorded a growing shortage of good rental stock across the capital in recent months, as tenancy renewals peak at 90% in some areas.
Director of London estate agent Benham and Reeves, said: “With the news that a no deal Brexit is now off the table, we have seen strong interest from both domestic buyers and investors across Shanghai, Hong Kong Singapore and Kuala Lumpur in the last few days.”
Marc Von Grundherr, Director of London estate agent Benham and Reeves, commented: “We’ve had a number of proceedable buyers submitting offers over the weekend specifically citing the rejection of a no-deal Brexit as the motivation for doing so.
Estate agents have responded cynically to the small-fry property sector announcements made by Chancellor Phillip Hammond in yesterday’s spring statement mini-Budget.
Marc von Grundherr, director of estate agency Benham and Reeves, noted Hammond’s ‘slightly misleading claims’. He commented: “Of the 220,000 new homes delivered last year, around 10% were, in fact, refurbs not new builds and we remain light years away from the government’s magic target of 300,000.
Marc von Grundherr, director of estate agent Benham and Reeves, said: “It may seem as though the Chancellor has come out fighting for UK homeowners, but today’s Spring Statement was predictably compiled of regurgitated rhetoric and slightly misleading claims where the property market is concerned.
Director of Benham and Reeves, Marc von Grundherr, added: “It may seem as though the chancellor has come out fighting for UK homeowners, but today’s spring statement was predictably compiled of regurgitated rhetoric and slightly misleading claims where the property market is concerned.
Marc von Grundherr, director of Benham and Reeves said new developments often do not get planning permission to be built with on-site parking for all homes: “We know of one development with 300 units, no resident permits and only 20 parking spaces.”
We are seeing increasing demand from applicants looking for a rental property with a parking space, particularly frm those renting in new residential developments, many of which are located outside central London, in Zones 3 and 4…