Press & media coverage

Across London as a whole, the average rent climbed by 4.3 per cent per month last year, according to estate agents Benham and Reeves.

The latest internal data release from London lettings and estate agent, Benham and Reeves, has revealed which areas of the London property market saw the most consistent rental growth in 2024, with Shoreditch, Canary Wharf and Ealing topping the table.

Across London as a whole, the average rent climbed by 4.3 per cent per month last year, according to estate agents Benham and Reeves. “Whilst 2024 may have been an uncertain year for the London housing market, the capital’s rental market continued to experience huge demand from tenants and we’ve seen the rents achieved across all of our offices trend upwards over the course of last year,” director of Benham and Reeves, Marc von Grundherr, said.

Hong Kong-based investors are the largest foreign buyers of homes in the UK, but additional education fees, a new tax scheme and slowing growth in rental rates could conspire to turn people away from the country. As of December 5, Hong Kong investors had registered 25,972 property titles in the UK, up 5.7 per cent from 2023, accounting for 13.7 per cent of all foreign homebuyers, according to data provided by London-based property agency Benham and Reeves.

The latest research by lettings and estate agent, Benham and Reeves, has revealed that Hong Kong nationals are still the most dominant when it comes to foreign homebuyer activity across the property market in England and Wales.

Hong Kong nationals continue to lead as foreign homebuyers in the property market in England and Wales, according to research by Benham and Reeves. Benham and Reeves submitted a freedom of information request to the Land Registry to determine the number of titles registered to individuals with an overseas correspondence address.

London agent Benham and Reeves has said demand for prime property valued above £2 million across London’s most prestigious neighbourhoods climbed during the final quarter of 2024, up by 2.7%, whilst there was a 1.6% increase across the super prime market where homes sell for above £10 million.

The director of Benham and Reeves, Marc von Grundherr, noted: “A marginal monthly decline in the rate of house price growth during December highlights the usual seasonal lull caused by the festive break...

Marc von Grundherr, director of London estate agents Benham and Reeves, said: “Of course, affordability remains a sizable obstacle for today's ...

Marc von Grundherr, director of London estate agents Benham and Reeves, said: “Of course, affordability remains a sizable obstacle for today’s buyers, but the market resilience seen throughout 2024 has provided a very strong foundation for 2025 and it’s widely predicted that house prices are only going to go one way and that’s up.”