An uplift in sold prices following December’s election bounce has helped close the gap between seller expectation and reality..
U.K. house buyers are paying 25 percent less than the average asking price, according to Benham Reeves Director Marc von Grundherr.
Analysis by Benham & Reeves shows that London accounts for 11.3% of UK property transactions but 40% of Stamp Duty. In his interview with London Live, Director Marc von Grundherr explains how Londoners are being disproportionately punished by Stamp Duty.
With many Malaysians investing in London property, estate agency Director Marc von Grundherr talks to radio station BFM 89.9 about the rise in fraudulent tenants and what you need to know.
Marc met with Phil Pelucha to discuss his journey from an Investment Banker to one of London’s leading property commentators. Contains plenty of advice and tips for property professionals and investors.
Marc is incredibly knowledgeable and has a unique and interesting insight into the property market. The guys chat about Marc’s exposure as an investor himself, working with investors on a daily basis and being involved in the high-end property market in London.
Benham and Reeves analysed government data measuring rents against income, revealing how rental affordability levels have changed across each region of England between 2017 and the latest figures, which apply to 2022.
Marc von Grundherr, director of Benham and Reeves, added: “Any move to improve rental market standards is, of course, very welcome indeed. "However, it does seem a tad ironic that the government believes they are waging war on rogue landlords, given they are arguably the cause of the issue to begin with.
Director of Benham and Reeve, Marc von Grundherr added: “The nights may have drawn in but the future of the property market is currently looking far brighter than many would have anticipated at the start of the year. “Yes, sold prices are yet to show any significant movement in either direction and the cost of borrowing remains higher than the record lows home buyers had become accustomed to.
Benham and Reeves director Marc von Grundherr says: “It does seem a tad ironic that the government believes they are waging war on rogue landlords, given they are arguably the cause of the issue to begin with.
Almost 250,000 more residential properties in the capital were occupied by people not reliant on mortgages or rent in 2021 than in 2012, research by estate agent Benham and Reeves revealed.
The GCC market has recently experienced a remarkable surge in purchase inquiries in the UK. Notably, Marc von Grundherr, director of Benham and Reeves, highlights this upward trajectory in demand, particularly in the prime market segment valued at over £3 million ($3.72 million).
Marc von Grundherr, director of London estate agent Benham and Reeves, said: “The answer to this – along with ‘How long have you been on the market?’ – can provide some valuable insight. “This is insight not only into the property itself, and if there are any potential issues, but also in terms of where you stand when it comes to negotiating a potential deal.”
Statistics from Benham & Reeves show that, of the top 10 countries represented by London titles registered to individuals with an overseas correspondence address, Hong Kong, Singapore and China lead the pack in terms of the number of buyers. Hong Kong tops the table, with nearly 11,800 London property titles belonging to people either domiciled in, or living in, Hong Kong. Director of Benham and Reeves, Marc von Grundherr, comments: “London remains one of the most sought after cities for Asian buyers and this is unlikely to change anytime soon.
Benham and Reeves director Marc von Grundherr comments: “It’s looking like Christmas has come early for the nation’s homeowners, as the market appears to be making a late rally, buoyed by a heightened degree of buyer activity following the hold on interest rates”.