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Tackling both reforms in tandem could avoid “giant crazy gyrations” in property prices and would “feel more manageable”. Marc von Grundherr, director ...

Marc von Grundherr, director of estate agency Benham and Reeves, said: “Should the government take that step, we can expect a sugar rush of sudden ...

However, Marc von Grundherr, director of Benham and Reeves, was unconvinced. He said: "This is nothing but political hot air designed to win votes and there’s absolutely no chance the Conservatives would give up such a considerable tax haul, especially in these uncertain economic times.

She could just as easily promise free candy floss and the abolition of parking meters. ‘This is nothing but political hot air designed to win votes,’ as Marc von Grundherr, director of Benham and Reeves, puts it.

Top-end home-buyers seem more active in SW postcodes than in other parts of the capital says Marc von Grundherr, Director at London agency Benham and Reeves.

Marc von Grundherr, director of Benham and Reeves, commented: “This is nothing but political hot air designed to win votes and there’s absolutely no chance the Conservatives would give up such a considerable tax haul, especially in these uncertain economic times.”

Marc von Grundherr, director of Benham and Reeves,: “The UK property market has weathered a year of market uncertainty and buyer indecision with house prices continuing to show positive annual growth, albeit we’ve seen a marginal month-on-month decline due to an air of hesitation ahead of next month’s Autumn Statement. Of course, the homebuying process itself remains one fraught with potential delays and pitfalls and so it’s somewhat commendable to see Labour finally pledge to fix it. However, the Government has long known the struggles facing both buyers and sellers and so their renewed claim to act feels more like political point-scoring than meaningful reform. In reality, these proposals are unlikely to materialise anytime soon, and the mere suggestion of change could actually cause the market to stall in the short term, as buyers hold out for greater certainty and protection that simply isn’t on the immediate horizon.”

Marc von Grundherr, director of Benham and Reeves, commented, “The UK property market has weathered a year of market uncertainty and buyer indecision with house prices continuing to show positive annual growth, albeit we’ve seen a marginal month on month decline due to an air of hesitation ahead of next month’s Autumn Statement.” He added that while political pledges to reform the homebuying process may eventually help, “the mere suggestion of change could actually cause the market to stall in the short term, as buyers hold out for greater certainty and protection that simply isn’t on the immediate horizon.”

“The latest figures show that demand across London’s prime and super prime markets has steadied following a more turbulent start to the year, although we’re yet to see any significant momentum build,” Marc von Grundherr, director of Benham and Reeves, said.

Marc von Grundherr, director of Benham and Reeves: “Another month of steady growth demonstrates the remarkable consistency of the UK property market. “London, of course, remains the outlier and growth has been slower across the capital. However, even the most modest gains equate to thousands of pounds in real terms given the capital’s higher values.