Latest London property market news & updates

From the towering skyscrapers of Canary Wharf to the leafy suburbs of North London or the riverside bliss of Woolwich, the Berkeley Group. And its house of brands are transforming London postcodes into sought-after neighbourhoods with its cutting-edge regeneration and placemaking legacy. At Benham & Reeves, we always bring the best and latest developments to …

Continue reading “Berkeley Living: A handpicked selection of the developer’s finest homes”

2024 has been a better year for the UK economy as GDP growth showed continued resilience to stay positive after falling into the red during the last two quarters of 2023. Buoyed by interest rate cuts, house price growth, and increasing rents, homebuyers and property investors are flipping the calendar with much more enthusiasm than …

Continue reading “There is optimism in the UK housing market as we look forward to 2025”

Autumn usually brings a monthly house price increase but October 2024 has seen more restrained growth. Rightmove reported that the average new seller’s asking price rose by 0.3% (+£1,199). However, despite the smaller rise, buyer activity surged, with 29% more sales agreed compared to last year’s sluggish market. This increase in buyer interest is further …

Continue reading “Property market update: Mixed fortunes for the housing market as rents continue to surge”

As one of the prime movers behind the astonishing growth of Northwest London, UK developer Berkeley were quick to see the potential of a transitional area between Colindale and Hendon. And we eagerly await the first completions at Silkstream, a development that is the result of this vision, providing quality accommodation near to one of …

Continue reading “Silkstream Hendon, well positioned at the heart of academic excellence”

As a globally renowned destination for providing excellent education, London attracts many families looking to educate their children. A good mix of prestigious private schools and ‘Outstanding’ state schools makes the UK capital a hotspot for homebuyers looking to enrol their kids in a premier institution. As a result, it comes as no surprise that …

Continue reading “School catchment areas: How they impact property prices”

Amid global economic uncertainties in 2024, London’s property market remains resilient and reliable. Known for its robust performance across various economic climates, London real estate remains a prime choice for property investors worldwide. In this article, we will explore the factors that contribute to London property’s reputation as a trusted asset internationally. London property a …

Continue reading “Safe as houses: Why London property is a trusted asset”

The new Labour government’s appointment in July, followed by an interest rate cut by the Bank of England (BoE in August for the first time in four years, has invigorated the housing market.

The Bank of England (BoE) cut interest rates by 0.25% last month, marking the first rate cut in four years. Widely welcomed by the London housing market, this move has led to a rebound in property prices as Halifax reported a 1.5% year-on-year (YoY) increase in house prices across the UK capital in August. Although …

Continue reading “Are we on the cusp of a London housing market recovery?”

There’s good news for the housing market this month, following the recent Bank of England 0.25% interest rate cut to 5% – the first reduction in four years. This has immediately boosted demand, creating real momentum in the market, and as a result, we should see increasing buyer activity in the autumn.

The average time it takes to buy or sell a house in the UK, from acceptance of a buyer’s offer to legal completion of the deal, has increased by 26% in the last five years.

The housing market remained steady throughout the General Election campaign, as most homebuyers forged ahead with their plans, driven by their own individual circumstances, particularly employment prospects, the economy and overall affordability, rather than politics.

UK inflation fell to 2% in May, reaching the Bank of England’s target for the first time in almost three years. And while the Bank of England voted to keep interest rates at 5.25% earlier in June, an interest rate cut looks likely soon, possibly in August.