Press & media coverage

A prominent agency says that while a third of homes currently for sale across England have cut asking prices, new discounts are getting rarer. Benham and Reeves says 37% of the 337,071 homes currently listed for sale have had their asking price cut.

“2025 was a steady but subdued year for the property market and, as a result, many sellers will have experienced little to no buyer interest, particularly across the more inflated regions of the South and London,” agrees Marc von Grundherr, director of Benham and Reeves.

‘London remains one of the most desirable property markets on the global stage and its long-term price performance reflects this,’ Marc von Grundherr, Director of Benham and Reeves, tells Metro.

Marc von Grundherr, Director of Benham and Reeves: “A monthly drop in house prices during December may seem like the proverbial lump of coal, but it is simply a case of seasonality and the underlying feeling currently pulsing through the market is one of optimism. “With the political uncertainty of the Budget having now evaporated and interest rates trending downwards, the nation’s buyers are re-entering the market with renewed vigour, and the outlook for 2026 is a positive one.”

Director of Benham and Reeves, Marc von Grundherr, commented: "A monthly drop in house prices during December may seem like the proverbial lump of coal, but it is simply a case of seasonality and the underlying feeling currently pulsing through the market is one of optimism.

Marc von Grundherr, director of Benham and Reeves, said: "A monthly drop in house prices during December may seem like the proverbial lump of coal, but it is simply a case of seasonality and the underlying feeling currently pulsing through the market is one of optimism.

That said, buyers in London’s prime market remain “prepared to act on the right property at the right price” and interest appears to be holding firm despite the upcoming “mansion tax”, notes Marc von Grundherr, director, Benham and Reeves.

Buyer demand across London's prime property market rose 1.2% during Q4 2025, according to the latest Prime London Demand Index from lettings and estate agent Benham and Reeves.

According to estate agency Benham & Reeves, the neighbourhood offers a "unique blend of old-world charm and modern living".

“Since the announcement, there has been a notable surge in seller activity across Hillingdon, as the go ahead for a third runway pushes many off the fence and into the market before property values are negatively impacted,” Marc von Grundherr, director of Benham and Reeves, said.