Press & media coverage

But what of the impact to the market as a whole? Benham and Reeves examined sold price data for the 574,091 homes sold over the last year, calculating the level of stamp duty that was owed versus the amount that would have been owed under the new guidelines.

Director of Benham and Reeves, Marc von Grundherr, commented: “Any saving will be warmly welcomed for those looking to climb the property ladder, particularly in the current economic climate and, collectively, the nation’s homebuyers stand to save a significant sum as a result of the latest stamp duty changes.

The increase of 5% would come despite the turbulent economic conditions, with the housing market battling an onslaught of soaring interest rates and a cost of living crisis, both of which will undoubtedly take their toll on buyers’ pockets. Yet, the research, conducted by agency Benham and Reeves, suggests that the average house price in the UK is set to keep rising. They estimate that this will add a further £14,320 to the average property value, bringing it up to £300,717.

Benham and Reeves analysed current rental stock available across the capital and found that currently, just five per cent offer to cover the cost of bills within the monthly rent.

London lettings and estate agent, Benham and Reeves, found that 34% of rental properties that include the cost of bills within the rent paid have already had a let agreed, up from just 26% in April of this year.

“The nation is currently in a state of shock and there’s no doubt we will remain in limbo until the queen has been laid to rest [on] Monday,” said Marc von Grundherr, director of estate agency Benham and Reeves."

Benham and Reeves, London lettings and estate agent, has revealed its latest research which discloses which London councils have put in the best house building performance when it comes to the delivery of local authority funded and housing association homes as a proportion of all homes built.

Newly released research by London lettings and estate agent, Benham and Reeves, has revealed which London councils have put in the best house building performance when it comes to the delivery of local authority funded and housing association homes as a proportion of all homes built.

“Momentum in the capital may well accelerate in the months ahead regardless of the picture elsewhere.” Marc von Grundherr, director of estate agent Benham and Reeves, said: “With the London market now starting to shift through the gears, this will only bolster the might of the property market further and bring an even greater boost to house prices over the coming months.”

Marc von Grundherr, director of estate agent Benham and Reeves, said: “With the London market now starting to shift through the gears, this will only bolster the might of the property market further and bring an even greater boost to house prices over the coming months.”