Press & media coverage

Director of Benham and Reeves, Marc von Grundherr, commented: “Road safety has always been a strong consideration when it comes to house hunting and a busy road can be a put off due to a number of factors such as the noise, congestion and the potential danger it poses, particularly for children.

A survey of homebuyers across England, commissioned by Benham and Reeves, found that 71% had been hoping to see current stamp duty relief thresholds extended beyond March 31 next year. However, whilst the government’s failure to do so may have brought disappointment, it’s unlikely to halt the positive property market momentum that has been building in 2024.

The survey of homebuyers across England, commissioned by Benham and Reeves, found that 71% had been hoping to see current stamp duty relief thresholds extended beyond 31st March next year.

Director of agents Benham and Reeves, Marc von Grundherr, said: “A degree of property market hesitation is always to be expected in the run up to a major economic event such as the Autumn Budget. Despite this, house prices have continued to climb, albeit at a slower rate, but this demonstrates the intent that is currently being shown on both the side of buyers and sellers in the current market.”

Marc von Grundherr, director of Benham and Reeves, commented: “A degree of property market hesitation is always to be expected in the run up to a major economic event such as the Autumn Budget. Despite this, house prices have continued to climb, albeit at a slower rate, but this demonstrates the intent that is currently being shown on both the side of buyers and sellers in the current market.”

Marc von Grundherr, Director of Benham and Reeves, tells us there are two reasons why a postcode might be desirable – and the first is reputation...

The run-up was filled with speculation, with fears of capital gains tax hikes leading the conversation. A survey by Benham and Reeves found nearly 20% of landlords put their plans on hold, bracing for what might come.

Marc von Grundherr, the director of Benham and Reeves agency, commissioned a survey of landlords in England following last week’s Budget and found that around one in five had put their buy-to-let investment plans on hold in the run up to the statement, fearing a CGT rise.

The latest market insight from London lettings and estate agent, Benham and Reeves, has revealed that whilst the threat of a capital gains tax hike was weighing heavy on the minds of the nation’s landlords in the lead-up to last week’s Autumn Statement, the increase in stamp duty on second home purchases is far less of a concern.

Last week’s Budget announcement raised Stamp Duty Land Tax (SDLT) to five per cent tax, yet household landlords seem unfazed. London-based estate agent Benham and Reeves carried a survey to find out how UK landlords reacted to this hike.

While the threat of a Capital Gains Tax (CGT) hike raised concerns for landlords in the lead up to last week’s Autumn Statement, the increase in Stamp Duty Land Tax (SDLT) on second home purchases is less of a concern, according to research by Benham and Reeves.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/51d208b3-d18e-4cc2-954f-836a2c9cf920 The average house price was £265,738, up 2.4 per cent from October last year, which marked a sharp slowdown from the 3.2 per cent year-on-year rise registered the previous month. It was also below the 2.8 per cent forecast by economists polled by LSEG. Marc von Grundherr, director of estate agency Benham & Reeves, said that during the month leading up to the Budget, the housing market “paused for breath to see what the government has up its sleeve”.

Marc von Grundherr, director of Benham and Reeves, said a slower rate of house price growth is always expected during the month of a Budget as the housing market “pauses for breath to see what the Government has up its sleeve”.

However, as Marc von Grundherr, Director of Benham and Reeves, tells Metro, the relief was set to end in March 2025, with stamp duty ‘reverting back to previous thresholds, which would see existing homeowners liable on purchases over £125,000.’

Marc von Grundherr, Director of Benham and Reeves, says: “It’s a case of trick not treat for homebuyers following today’s Budget, as they’ve once again been shown the cold shoulder, with the government refusing to extend current stamp duty relief thresholds.

However, as Marc von Grundherr, Director of Benham and Reeves, tells Metro, the relief was set to end in March 2025, with stamp duty ‘reverting back to previous thresholds, which would see existing homeowners liable on purchases over £125,000.

3.5%: that’s the percentage the average new build home has increased by over the last five years. The figure, compiled by Benham and Reeves, comes shortly after the new Labour Government promise to deliver 371,541 new homes per year.

As Director of Benham and Reeves, Marc von Grundherr, tells Metro, those with a fascination for Halloween might end up going out of their way to acquire a house on a street with a particularly spooky name.

Benham and Reeves have found that whilst many buyers have been deterred from purchasing due to higher interest rates, the recent base rate reduction seen in August has brought renewed enthusiasm, with 61% of buyers planning to take the plunge in 2025.

The recent base rate cut in August has brought renewed enthusiasm for home buyers, with 61% of buyers planning to move home in 2025, Benham and Reeves reveals.

Marc von Grundherr, director of Benham and Reeves, added: “Mortgage approval levels have been strengthening for much of this year and we’re now seeing this increase in buyer demand start to filter through to actual sales, with monthly transactions being the strongest since 2022. This improving market momentum has also helped to tempt many sellers back into the market who had previously put their plans to move on pause.

Marc von Grundherr, director of Benham and Reeves in London said: 'Mortgage approval levels have been strengthening for much of this year and we're now seeing this increase in buyer demand start to filter through to actual sales, with monthly transactions being the strongest since 2022.

“Mortgage approval levels have been strengthening for much of this year and we’re now seeing this increase in buyer demand start to filter through to actual sales, with monthly transactions being the strongest since 2022. This improving market momentum has also helped to tempt many sellers back into the market who had previously put their plans to move on pause" says Marc von Grundherr, Director of Benham and Reeves in London.

“We saw activity pick up after the first base rate cut in four years, and a second cut will only further boost interest among buyers, as mortgage rates become more attractive. We're set for a very strong end to the year, despite the usual seasonal lull that comes with the Christmas period" says Marc von Grundherr from Benham and Reeves.

So, what is the Waitrose effect all about? As Director of Benham and Reeves, Marc von Grundherr, tells Metro, ‘the general belief is that when a brand, such as Waitrose, appears in an area, it can be a precursor to upward house price growth and wider gentrification.’

You'll have to speak with King Charles III of course, who, as the owner of many opulent homes across Britain has much to celebrate when it comes to the price appreciation of the Crown property portfolio. Research from Benham and Reeves, one of London’s oldest, independently owned property agents, reveals the top ten of the royal's most famous residences have a combined value of a staggering £6.3 billion ($8.1bn).

Marc von Grundherr, director of Benham and Reeves, remarked: “Summer may have come and gone, but the green shoots of increased buyer activity that have been sprouting for much of the year are now starting to blossom into robust transaction volumes and consistently positive rates of house price growth. Whilst we’re unlikely to see any sales market incentives delivered in this month’s Autumn Statement, the housing market is likely to march on undeterred and we’re set for a very strong end to the year, despite the usual seasonal lull that comes with the Christmas period.”

New analysis by Benham and Reeves looked at current rental market stock, with at least two bedrooms, which has been sitting on the market for some time in active room and general rental markets, highlighting where landlords may want to consider making the move to a guaranteed rental arrangement.

The analysis of potential rent to rent opportunities in the current market, conducted by the agency Benham and Reeves, shows that there are as many as 4,711 rental properties that have been on the market for some time without securing a tenant, all of which could potentially pivot to a guaranteed rent model.

Marc von Grundherr, director of Benham and Reeves, said: “We’re set for a very strong end to the year, despite the usual seasonal lull that comes with the Christmas period. A rush of sellers putting their home on the market means that many buyers find themselves spoilt for choice and able to negotiate hard on the price they pay.”

The director of Benham and Reeves, Marc von Grundherr, comments: “Since taking power, our new Government has launched a range of initiatives designed to win the vote of the average tenant without much thought for the wider rental market and plans to make EPC requirements of a C mandatory are yet another example of this.

“Today’s second reading brings ever closer to a potential rental market Doomsday and should the Government persist with yet another ill devised legislative overhaul, the result will be fewer landlords, less homes for renters, higher rents and an even tougher time for tenants,” says von Grundherr, Director at Benham and Reeves.

The Labour government has been so focussed on winning the vote of tenants with a host of anti-landlord proposals that it has ignored the wider implication for the private rented market. That is according to the director of Benham and Reeves in London, Marc von Grundherr.

Director of London estate agents Benham and Reeves, Marc von Grundherr, went as far to call the “ill-devised legislative overhaul” a “potential rental market doomsday”.

Marc von Grundherr, director of Benham and Reeves estate agents tells Metro: ‘There are currently 116 local authorities where the average first-time buyer can qualify for a mortgage at 4.5 times the average income, having placed a 15% deposit.’

Marc von Grundherr, director of Benham and Reeves, said: “Much of the negativity of the last few years has now been reversed.”

Marc von Grundherr, director of Benham and Reeves, reflected on recent trends stating: "Much of the negativity of the last few years has now been reversed."

At Benham & Reeves, we receive an average of 20 rental inquiries within 24 hours of listing a property, showcasing the high demand for rental units.

The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that demand for prime property in the capital fell by -2.5% in the third quarter of this year, somewhat dampening the good mood brought on by a promising uptick in Q2. But super prime demand has actually seen demand increase.

SUBSCRIBE toggle menu Landlords weighing up options ahead of rumoured £15k CGT hike Rumoured changes to capital gains tax in the upcoming Autumn Budget could see the average landlord hit by a substantial increase in the capital gains tax owed on the average buy-to-let property. Related topics: Landlords, CGT, Tax Property | Reporter 3rd October 2024 For Sale 820 facebook sharing buttontwitter sharing buttonlinkedin sharing button "Our new Labour government has made it very clear which side of the fence they wish to sit, first with the introduction of the Right to Rent bill, with it looking likely that further tax hikes are on the way in the Autumn Statement" - Marc von Grundherr - Benham and Reeves The latest research by London lettings and estate agent, Benham and Reeves, has revealed that rumoured changes to capital gains tax in the upcoming Autumn Budget could see the average landlord hit by a £15,000 increase in the capital gains tax owed on the average buy-to-let property.

Meanwhile, the latest research by Benham and Reeves reveals that rumoured changes to CGT could see the average landlord hit by a £15,000 increase in tax owed on the average buy-to-let property.

Marc von Grundher, director of Benham and Reeves, said: "The property market has continued to prove its resilience, with house prices now increasing at their fastest rate in two years and climbing close to historic record highs."

Director of Benham and Reeves, Marc von Grundherr, commented: “Although the new Labour government has been quick to wage war on the nation’s landlords, it certainly seems as though the nation’s homebuyers have been left out in the cold with respect to the upcoming Autumn Statement and any positive property market initiatives. "However, as the latest figures show, it’s far from needed and the property market has continued to prove its resilience, with house prices now increasing at their fastest rate in two years and climbing close to historic record highs.

Marc von Grundherr, director of estate agency brand Benham and Reeves, says parking has always been a hot commodity in the rental market and charging points have added a new dynamic to this. “With electric vehicles becoming more prominent we are seeing higher demand, particularly amongst older demographics, and many tenants are placing an on-site charging point quite high up the priority list,” he says.

Marc von Grundher, director of Benham and Reeves, highlighted the property market's strength: "The property market has continued to prove its resilience, with house prices now increasing at their fastest rate in two years and climbing close to historic record highs."

Marc von Grundherr, director of property firm Benham and Reeves, said it's important to prioritise spending money on more difficult tasks, while tackling easier tasks yourself to cut costs.

Director of Benham and Reeves, Marc von Grundherr, tells Metro.co.uk: ‘Time and time again, we see tenants turn up to a viewing late and traipse around showing little to no emotion.

'Keir Starmer’s promises to target wealth as a way of increasing funding for public services is likely a major reason for a decline in demand in London’s prime market,' suggest Benham and Reeves boss Marc von Grundherr.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “Buying at auction comes with a degree of uncertainty with respect to just how much of your asking price you might achieve, if any. And, if you do sell, you’ll be hit with auction fees.”

Demand for prime property in London fell by 2.5 per cent in the third quarter of the year, Benham Reeves said, “dampening the good mood” of earlier in the year – sales in July were at their highest on a year-to-date monthly basis...

“Keir Starmer’s promises to target wealth as a way of increasing funding for public services is likely a major reason for a decline in demand in London’s prime market,” Director of Benham and Reeves, Marc von Grundherr said. “Labour plans to penalise wealth through things like a hike in Capital Gains Tax and an overhaul of Inheritance Tax legislation, both of which are major considerations for wealthy property buyers looking to spend multi millions on a home".

A new analysis shows that one in five rental properties across Britain costs as much per month as a typical income pays. Benham and Reeves analysed current rental market stock looking at asking rents and how these compare to the earnings of the average person – £35,481 per year or £2,957 per month.

Director of Benham and Reeves, Marc von Grundherr, commented: “Autumn may be fast approaching, but property market prosperity continues to blossom and we’ve seen the level of buyer enquiries, offers made and sales agreed all start to normalise following a prolonged period of stagnation.

With property prices higher in London, both in absolute terms and relative to income than the rest of the country, it was “only natural that any market recovery is likely to trail that of the wider UK” said Marc von Grundherr, director of estate agents Benham and Reeves.

Analysing current rental market stock, Benham and Reeves’ figures found that one in five rental properties across the UK cost the same amount in rent as the average monthly income – but some ‘super prime’ locations require an entire year’s income (or even more) to rent for one single month.

The latest research from lettings and estate agent Benham and Reeves has revealed Britain’s top second homes markets. The agency analysed current data on the number of second homes across each area of England and Wales, before looking at the total market value of this secondary level of the housing market based on the current average property price for each property type in line with the number of second homes recorded for each property type.

'Whilst digital and AI technology has evolved rapidly, rogue tenants have also evolved with it, becoming increasingly more inventive in how they trick the system,' warns Benham and Reeves.

Marc von Grundherr, Director of Benham and Reeves in London, said: “The potential equalising of CGT is, of course, a concern for many landlords. If the Labour government was to follow through with it, it could make for a significant increase in the tax paid by the average landlord when the time did come for them to exit the sector. This would be yet another blow to those who provide vital housing stock that is sorely needed within the rental sector, following a string of legislative changes already introduced in recent years to dent profitability.

Director of Benham and Reeves Marc von Grundherr agreed, adding: "House prices continue to climb on both a monthly and annual basis and so far, it's been a very solid summer for the UK property market, with both buyer and seller activity levels continuing to improve."

According to Benham and Reeves’ analysis of government data, there are 141,245 second homes across England and Wales. And 9,425 of them are in Cornwall, “by far the most of any local authority”.

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that whilst Cornwall sits at the top when it comes to the sheer size of the nation’s second home housing market, it’s the prime London boroughs of Kensington and Westminster that are home to the highest market value where secondary properties are concerned.

London’s real estate market for foreign investors under a Labour government.

“Summer may be coming to an end but there’s certainly no end in sight when it comes to the improvements being seen across the UK property market,” said Marc von Grundherr, a director at the estate agent Benham and Reeves. “It’s quite remarkable just how swiftly the market has accelerated in just a few short months.”

Director of Benham and Reeves, Marc von Grundherr, said: “Our new Labour Government has been ambitious from the get go when it comes to the proposed shake up of UK housing delivery targets and not only could we see a very notable boost to the number of new homes reaching the market, but over the next five years these new homes would also bring a sizable boost to the overall value of the property market.

Marc von Grundherr, director of Benham and Reeves, commented: “Our new Labour government has been ambitious from the get go when it comes to the proposed shake up of housing delivery targets and not only could we see a very notable boost to the number of new homes reaching the market, but over the next five years these new homes would also bring a sizable boost to the overall value of the property market.

Benham and Reeves looked at the increase in housing delivery proposed by Labour via reforms to the National Planning and Policy Framework, and which areas should see the biggest boost in new housing stock.

Benham and Reeves looked at the increase in housing delivery proposed by Labour via reforms to the National Planning and Policy Framework, where across the nation is set to see the biggest boost in new housing stock if this proposal is met, and the potential added value it could bring to the property market.

“Yes London is still a great place to invest” says Marc von Grundherr from Benham and Reeves as he unpacks the reasons why its a good time to consider buying a property in the UK with Lynlee Foo from Money FM Singapore.

According to Professor Marc von Grundherr (I’ve awarded him his academic chair; he is actually a director of estate agents Benham and Reeves, speaking on behalf of Zoopla), parents might be ‘more confident about letting a son climb the ladder’. He also surmises that maybe parents are offering more financial support for daughters in other ways – to pay for their weddings or their academic studies – and so there is less largesse available to help buy a home (significantly more females than males now go to university).

Rosie Wright from Times Radio Breakfast interviews Marc von Grundherr, Director at Benham and Reeves about why ‘Bank of Mum and Dad’ are favouring sons when it comes to buying their first property, rather than daughters. They discuss this phenomenon on the back of recently released statistics from UK property portal Zoopla.

Marc von Grundherr, a director of the estate agent Benham and Reeves, said: “As parents, we’re incredibly protective over our daughters particularly, for example, when letting them fly the nest to live alone. Many parents simply feel more confident in letting a son climb the ladder.”

Director of Benham and Reeves Marc von Grundherr said: “Five consecutive months of positive monthly house price growth demonstrates that the UK property market is very much bouncing back from the period of stagnation caused by higher mortgage rates.

Kensington & Chelsea has the highest proportion of price cuts of any London borough. By PrimeResi. Companies in this article. Benham & Reeves. Most ...

The latest research from London lettings and estate agent, Benham and Reeves, has revealed which areas of the prime London market are leading the charge when it comes to the highest rate of annual house price growth, as the average price achieved per square foot remains down -2.7% across the top tier of the capital’s market as a whole.

Marc von Grundherr, director at Benham and Reeves estate agents said: 'Five consecutive months of positive monthly house price growth demonstrates that the UK property market is very much bouncing back from the period of stagnation caused by higher mortgage rates.

Marc von Grundherr, director of Benham and Reeves: “Five consecutive months of positive monthly house price growth demonstrates that the UK property market is very much bouncing back from the period of stagnation caused by higher mortgage rates. Buyers are acting with greater confidence and this confidence will only grow all the stronger now that interest rates are starting to fall and so we expect to see a very strong end to the year, both in terms of buyer activity levels and the resulting boost to property values.”

Marc von Grundherr of Benham and Reeves says: “It’s fair to say that the London market has been hit hardest by a reduction in market activity as a result of higher interest rates, with buyers simply not able to stretch as far as they usually may have due to the higher cost of borrowing.

The figures come from London lettings and estate agent, Benham Reeves, and make clear that the vast majority of young people raised in the capital cannot afford to buy.

The latest market insight from London lettings and estate agent, Benham and Reeves, reveals just over a third of all London homes listed for sale in the current market have seen a reduction in asking price, providing London homebuyers with a cost-saving opportunity when looking to secure their next home.

Marc von Grundherr, director of estate agent Benham and Reeves said: “Terraced homes are hot property in the current market and they tend to get snapped up very quickly for a number of reasons.

Marc von Grundherr, director of Benham and Reeves estate agent also says they have seen a surge in interest for larger homes. He said: 'Since interest rates started to climb in December 2021, higher mortgage costs have restricted buyer purchasing power and this naturally led to a decline in demand for homes at the top end of the ladder such as semi-detached and detached homes carrying the highest price tags.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “The fastest rate of house price growth since December 2022 demonstrates just how much market conditions have improved so far this year.”

Marc von Grundherr, the director of the estate agent Benham and Reeves, said the fast rate of house price growth demonstrated how much market conditions had improved so far this year, as well as high buyer confidence.

Marc von Grundherr, director of estate agent Benham and Reeves, commented: "The fastest rate of house price growth since December 2022 demonstrates just how much market conditions have improved so far this year."

Benham and Reeves' director Marc von Grundherr highlighted the swiftest upsurge in house price rates since December 2022, underscoring the marked improvement in market conditions this year. Marc von Grundherr, director of estate agent Benham and Reeves, said: "The fastest rate of house price growth since December 2022 demonstrates just how much market conditions have improved so far this year."

A third of all London homes listed for sale in the current market have seen a reduction in asking price, the latest market insight from Benham and Reeves has revealed.

Director of Benham and Reeves, Marc von Grundherr, says: Purchasing a property at auction can be a great way of securing a discounted home at pace, without the uncertainty of the traditional transaction timeline.

Marc von Grundherr, director of Benham and Reeves - the agency commissioning the analysis - says: “Things may not have been easy for buy-to-let landlords in recent years, as increased rules and regulations have been implemented to reduce the profitability of the average investor's portfolio.

Properties available have edged up compared to last year with 14 per cent more on the market, but Marc Von Grundherr, director of estate agent Benham and Reeves says securing a good property is still 'incredibly competitive. Each property will often have dozens of people viewing it, sometimes at the same time and it's not unusual for properties to let before they even reach the market,' he says.

Landlords in London benefited from double-digit rental growth, outperforming every other region, according to an analysis from Benham and Reeves, a real estate agency that specializes in the capital.

Director of Benham and Reeves, Marc von Grundherr, commented: “Despite the brief period of political uncertainty spurred by a snap election, we've seen little deviation from both buyers and sellers with respect to their property transaction plans and this has ensured that positive house price growth has been maintained.

Benham and Reeves director Marc von Grundherr states: “Despite the brief period of political uncertainty spurred by a snap election, we’ve seen little deviation from both buyers and sellers with respect to their property transaction plans and this has ensured that positive house price growth has been maintained.”

Marc von Grundherr, director of Benham and Reeves, added: “A brief dip in asking prices will do little to slow the momentum that has built so far this year and with the election now behind us, it’s shaping up to be a sizzling summer where property market performance is concerned.”

Director of Benham and Reeves Marc von Grundherr said: "Whilst England’s late run of form to reach a Euros final may have come as a surprise to many, the property sector has been largely predicting the continued resilience of the housing market for many months now.

A brief dip in asking prices will do little to slow the momentum that has built so far this year and with the election now behind us, it’s shaping up to be a sizzling summer where property market performance is concerned.

Marc von Grundherr, director of Benham and Reeves, has warned leasehold owners over hidden costs which could hit - despite it "being cheaper up front".

Demand for prime property in London climbs during Q2 The increase in demand reverses the downward trend seen so far this year Related topics: Property, Demand, Prime London Property | Reporter 10th July 2024 Belgravia Prime London - 925 facebook sharing buttontwitter sharing buttonlinkedin sharing button The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, has revealed that prime buyer demand crept up during the first quarter of this year - although demand remains down on an annual basis.

Marc von Grundherr, a director at estate agency Benham and Reeves, says: Bamboo has been a traditionally popular method of providing natural privacy to gardens, but there are a number of invasive types that can spread quickly and be hard to control, let alone maintain.

Further out, in Ealing, west London, 17 per cent of first-time buyers are paying cash. Marc von Grundherr, director at estate agency Benham and Reeves, says the arrival of several big developments, like Dickens Yard in Ealing Broadway, has driven more cash purchases in the area over the last two or three years, led by “a great deal of interest from city professionals and millennials” since the Elizabeth Line started running, and “a lengthy waiting list of foreign buyers”.

Benham and Reeves analysed current buyer demand levels across the top 10 strongholds for the Labour, Conservative and Liberal Democrat parties, looking at how buyer appetites currently differ ahead of the upcoming election.

Marc Von Grundherr, director of Benham and Reeves, said: "Long term, Labour’s pledge to build more homes and help first-time buyers via a permanent mortgage guarantee scheme will only help strengthen the market - although this is, of course, dependent on these promises actually being delivered.

Bali also attracts domestic migrants who are drawn to the region’s infrastructure and burgeoning tech scene, according to Widya Lestaluhu, head of the Hong Kong office at Benham & Reeves, a London-based property agent. People tend to forget that Bali is just a small part of Indonesia, which has the fourth-largest population in the world,” she said. “The local migration to Bali can prop up the island’s rental yields and support capital growth.”

Bali also attracts domestic migrants who are drawn to the region’s infrastructure and burgeoning tech scene, according to Widya Lestaluhu, head of the Hong Kong office at Benham & Reeves, a London-based property agent.

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed where foreign buyer demand and ownership has been keeping the London property market afloat, during an otherwise muted pandemic period when the capital largely trailed the rest of the UK where domestic market activity is concerned.

Lettings agency Benham and Reeves analysed government figures and found that, in specific reference to London, the average age of a first-time buyer is now 35.3 years old, up from 33.8 years the previous year and 32 years old two decades ago (2003-04).

The latest research from London lettings and estate agents, Benham and Reeves, has found that while London’s first-time buyers may be getting older, a twenty-year high 181,000 FTBs secured their first foot on the housing ladder in a single year - marking a 24% annual increase.

Marc Von Grundherr, director at Benhams & Reeves estate agency, questions the quality of service that customers receive from 'low fee' firms such as Purplebricks. With estate agents, as with all things, you get what you pay for,' says Von Grundherr.

First-time buyers (FTBs) climbing on the property ladder in London went up by 24% in 2022/2023, reaching a 20-year high with 181,000 securing their place, research by Benham and Reeves reveals.

When the economy takes a hit, everybody suffers – rich and poor alike. This was well demonstrated this week when our friends at Benham and Reeves revealed that from their latest research, the combined value of Royal palaces and residences has fallen by £1bn in the past year.

Marc von Grundherr, director of Benham and Reeves: "No news is good news with respect to today’s decision and the certainty that will come from another hold on the base rate is certainly better than the string of consecutive hikes seen in recent years. We’ve seen mortgage approvals top 60,000 approvals per month for three consecutive months now and this demonstrates that buyer confidence has been buoyed by the stability provided by a hold on the base rate.

Marc von Grundherr, director of Benham and Reeves, commented: “No news is good news with respect to today’s decision and the certainty that will come from another hold on the base rate is certainly better than the string of consecutive hikes seen in recent years. “We’ve seen mortgage approvals top 60,000 approvals per month for three consecutive months now and this demonstrates that buyer confidence has been buoyed by the stability provided by a hold on the base rate. “With the election unlikely to dampen this growing market momentum, the UK property market remains in a very strong position, particularly with the prospect of a cut on the horizon.”

A lettings agency director is suggesting the short lets boom may be over. Marc von Grundherr, director of Benham and Reeves, says that while the overall number of Airbnb-style short lets across the country has risen, occupancy levels have significantly dropped.

Could a reduction in occupancy rates mean the end of the short-let boom? New figures have highlighted a worrying trend of reduced demand for short-term rental properties. This is a trend that has continued over the last year with the vast majority of areas we analysed seeing an increase in active listings. The latest research from London lettings and estate agent, Benham and Reeves, has shown that while the number of short-term rental properties has climbed across the majority of holiday hotspots, there’s been a reduction in occupancy rates across the board.

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that homebuyer demand in prime central London has declined, as London’s top tier buyers continue to head for the leafy suburbs such as Barnes, Clapham and Chiswick.

The plastic grass could reduce the house price by as much as £14,000, according to Marc von Grundherr, director of estate agent Benham and Reeves. He previously told Fabulous that many people are misinformed when it comes to how desirable artificial grass is. "We've seen many examples of artificial lawns riddled with weeds where it hasn’t been done properly and, quite frankly, it looks horrible," he said.

Marc von Grundherr, of estate agent Benham and Reeves, said the Government’s decision to fuel a “market imbalance” between supply and demand by reviving a scheme like Help to Buy will just see house prices remain dangerously inflated – and therefore more vulnerable to big drops.

One of the more unusual pieces of research to land this week comes from Benham & Reeves, which suggests that the combined value of 10 royal palaces and residences has fallen by an estimated £1bn in the past year.

The latest research from London lettings and estate agent, Benham and Reeves, reveals that the combined value of Royal palaces and residences has fallen by £1bn in the past year - not the news the King would want to hear ahead of his birthday celebrations this week.

Marc von Grundherr, director of Benham and Reeves: “Having now weathered a sustained hike in interest rates, the UK property market has brushed off the marginal dip in form seen across the back end of last year and continues to stand firm, with little sign of this changing over the remainder of this year."

Director of Benham and Reeves, Marc von Grundherr, commented: “Having now weathered a sustained hike in interest rates, the UK property market has brushed off the marginal dip in form seen across the back end of last year and continues to stand firm, with little sign of this changing over the remainder of this year.

Marc von Grundherr, Director at Benham and Reeves, echoed this sentiment, advising potential sellers to prepare: “With the additional boost of a rate cut imminent, now is the time to get your house in order if you’re planning to sell your home in 2024.”

The director of a London lettings agency says buy to let landlords are entitled to feel downtrodden but claims it’s still worthwhile, financially.

Property valuations are not an exact science which is why owners often get a range of differing selling prices from agents says Chris Cooper, Associate Director, Sales at Benham and Reeves

Recent research from Savills, published by The Times, suggests that the buy-to-let sector is no longer lucrative for landlords. However, Marc von Grundherr, Director of London Lettings and Estate Agent at Benham and Reeves, disagrees and provides a different perspective on the current state of the market.

Now a high profile letting agent - Marc von Grundherr, director at London agency Benham and Reeves and himself a landlord - has written a counter argument.

Marc von Grundherr, of Benham and Reeves, said: “Not only are house prices up year on year, but this rate of growth has started to accelerate as the UK property market picks up the pace during its busiest time of year.

Marc von Grundherr, director of Benham and Reeves says that due to a surplus of homes on the market there has been less need for buyers to purchase off-plan. He says: 'We haven't seen the same buyer feeding frenzy over the last year which means that buyers have had more stock to choose from, whereas previously a certain proportion would have had no other choice but to look off-plan. Of course, higher mortgage rates have also been a factor, with buyers who may have traditionally over stretched to purchase a new-build now choosing to sit tight instead as a result of mortgage affordability changes."

Benham and Reeves' latest research has shown that while the wider London property market has struggled in the two years since Crossrail officially opened, locations with a Crossrail station have been largely protected by a decline in house prices, increasing by an average of 3.3% since May 2022 when the line finally opened.

Marc von Grundherr, director of Benham and Reeves estate agents added: 'We've seen consistent growth in mortgage approval levels throughout 2024 so far and while house prices have stood firm, it was only a matter of time before this initial indicator of improving market health started to drive a stronger rate of growth.

London rents increased by 11.2% between March 2023 and 2024, rising from £1,848 to £2,055, analysis from London lettings agency Benham and Reeves suggests.

Landlords in London are benefitting from double digit increases in rents including one borough where rents have risen by 27%, latest research from Benham and Reeves reveals.

London rents increased by 11.2% between March 2023 and 2024, rising from £1,848 to £2,055, analysis from London lettings and estate agent, Benham and Reeves, has found.

Marc von Grundherr, director of estate agent Benham and Reeves, said the Government has taken a “head in the sand approach” to the housing crisis – consistently failing to meet house building targets in recent years before scrapping them altogether. He added: “In an attempt to detract attention away from the monumental failure to build more homes, we’ve seen numerous distraction tactics deployed and a crackdown on second home purchases is certainly one of them.

As estate agents Benham & Reeves recently shared the 'hotspots' investors need to watch out for in 2024. The group looked at 10 prime London locations offering: "regeneration initiatives, exceptional transport links, and flourishing developments converge to create lucrative investment opportunities."

As estate agents Benham & Reeves recently shared the 'hotspots' investors need to watch out for in 2024.

Buy to let landlords with properties inside controversial ‘Low Traffic Neighbourhoods’ or LTNs may be in for a windfall. But lettings agency Benham and Reeves, which conducted the research, says that while LTNs may be bringing a boost to house prices within them, the additional strain on surrounding roads is a deterrent to many homebuyers.

Marc von Grundherr, director of Benham and Reeves, said the research confirmed that living within an LTN clearly has a positive impact on property prices.

‘Dulwich has grown increasingly popular of late, especially amongst younger buyers as the new “cool” place to be — a crown that was previously held by the likes of Shoreditch and Camden for quite some time,’ director of Benham and Reeves Marc von Grundherr told the Evening Standard.

Marc von Grundherr, director of estate agent Benham and Reeves said: “While the road ahead may be a challenging one, we remain in a far better place than we were this time last year and that sets a solid foundation for the market to now kick on and post a stronger performance in 2024.”

Marc von Grundherr, director of estate agent Benham and Reeves said: "While the road ahead may be a challenging one, we remain in a far better place than we were this time last year and that sets a solid foundation for the market to now kick on and post a stronger performance in 2024."

“Dulwich has grown increasingly popular of late, especially amongst younger buyers as the new ‘cool’ place to be — a crown that was previously held by the likes of Shoreditch and Camden for quite some time,” Director of Benham and Reeves Marc von Grundherr told Homes & Property.

While the increase in London stock will be “warmly welcomed by those who are still on the hunt” it is unfortunately “unlikely to balance the scales”, Director of Benham and Reeves, Marc von Grundherr, said.

The number rental properties in Greater London has risen by 34.7 per cent in the last year, according to new research from London estate agents Benham & Reeves.

Benham and Reeves says 33 of the nation’s 48 counties have seen an improvement in the volume of homes reaching the market for potential tenants. London experienced the biggest boost to rental stock levels, with the City of London seeing an annual increase of 44%, while Greater London has seen a 34% jump.

London lettings and estate agent, Benham and Reeves, analysed rental market stock availability across each county in England during the first quarter of 2024, before looking at how this level of available stock compares to the same period last year.

Marc von Grundherr, director of agents Benham and Reeves, believes a drop in the number of overseas buyers has hit large parts of London. The impact of the pandemic and the mass exodus of London homeowners to greener lands was well documented, and while this has since reversed, a more prolonged factor has been the reduction in foreign buyer demand across the capital's prime boroughs.

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that while a rental property with a tenant already in place may be a desirable feature for many buy-to-let investors, they are likely to struggle to find this added bonus in the London market, with just 2% of current listings offering a tenant in situ.

Marc von Grundherr, a director at the estate agency Benham and Reeves I’m old enough to remember when marriage was encouraged by society as a good thing for families and for children growing up. Once upon a time, marriage was properly supported by the tax system with allowances that sought to underpin the principle too.

Only 2% of current properties listed for sale in London have a tenant in situ, according to lettings agency Benham and Reeves. This is the lowest proportion anywhere in England.

Marc von Grundherr, director of Benham and Reeves, says easing cost of living pressures are helping the market: “Spring has sprung in housing market terms with growing buyer demand pushing sellers to increase asking prices to near record levels. As the rate of inflation slows and market uncertainty subsides, the property market is responding, as it always does, with upward price movements".

According to data in the report using sources including Land Registry 2013–2022 and Benham & Reeves, overall property prices in Southall have gone up by 15% in the last two years while newer built properties over the last 10 years have seen an annual growth rate of 10.2%.

However, Marc von Grundherr, director of estate agent Benham and Reeves, says: "This is a common misconception and, in fact, we've seen many examples of artificial lawns riddled with weeds where it hasn’t been done properly and, quite frankly, it looks horrible."

The head of lettings agency Benham and Reeves has made an outspoken attack on stamp duty. The agency analysed data from the Land Registry for homes sold over the last 12 months, calculating the total stamp duty owed on these transactions and how this cost differs across each area of the nation.

The latest index by London agency Benham and Reeves shows that buyer demand for both prime (£2m+) and super prime homes (£10m+) has fallen during the first quarter of the year.

Homebuyers have paid out almost £3.7bn in stamp duty over the year to February, new analysis by Benham and Reeves of Land Registry data has shown. The London lettings and estate agent found that buyers in the capital paid an estimated £1.49bn, accounting for more than 40% of the total for England and Wales.

“It’s clear that nation’s homebuyers are marching on, determined to realise their aspirations of homeownership in 2024, regardless of higher mortgage rates and a lack of any Government offered incentives" Says Marc von Grundherr, Benham and Reeves.

Marc von Grundherr, of estate agents Benham and Reeves, said: “As we approach the spring selling season a very marginal decline in the monthly rate of house price growth should be viewed as nothing more than the market pausing for breath before the floodgates open.

Research conducted by Benham and Reeves shows there are some 261,189 homes that have been classed as empty for six months or more across England.

Marc von Grundherr, director at Benham & Reeves describes last month’s Spring Budget as “lacklustre”, with both good and bad news for property investors. “The Budget delivered a mixed bag for landlords, property investors and others wanting a sustained recovery in the British economy,” he says.

He was echoed by director of estate agency Benham and Reeves, Marc von Grundherr, who said buyer confidence was building despite the "disappointment" of no extra housing market support being announced in the Spring Budget. Price remains the key compromise for sellers when it comes to securing a buyer in today's market, with higher mortgage rates continuing to restrict buyer purchasing power. However, the gap between this purchasing power price point and seller asking price expectation has narrowed and we’re finding that sellers are more than happy to oblige in order to make their move."

Marc von Grundherr, director of Benham and Reeves, agreed that making sure an asking price was realistic in the first place remains key, especially if the seller is keen to move home quickly.“Price remains the key compromise for sellers when it comes to securing a buyer in today's market, with higher mortgage rates continuing to restrict buyer purchasing power,” said Grundherr.

“The higher cost of borrowing remains an obstacle, but one that buyers are now willing to tackle with the expectation that rates will fall at some point this year,” said Marc von Grundherr, director of London-based estate agency Benham and Reeves. Still, “price remains the key compromise for sellers when it comes to securing a buyer in today’s market,” he added.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “Previously, the ability to find a buyer in a proceedable position was a challenge in itself and so there’s no doubt that market conditions have improved in this respect.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “It will give you control of your building without the need to spend money on purchasing the freehold.”

Of course, for the average London tenant, the threat of a stamp duty tax bill is unlikely to ever materialise. In fact, the research by Benham and Reeves shows that based on the current average monthly rent, it would require the average tenant to rent a property for a decade (with a successive linked lease) before they became liable to pay stamp duty tax. Even when they did, this charge would amount to just £428.

The director of Benham and Reeves, Marc von Grundherr, says: “Stamp Duty Land Tax is an archaic thorn in the side of homebuyers across the nation and only increases the financial obstacles faced when it comes to climbing the property ladder. However, what you may not know is that tenants are also liable to pay stamp duty, albeit the threat is largely restricted to those renting at the very highest rungs of the rental market.”

Marc von Grundherr, director of London based agent, Benham and Reeves said: 'While it certainly seemed as though the London market was struggling to recover at the same rate as the rest of the UK, the latest figures show that the capital has enjoyed a substantial increase in property values during the start of this year.

Marc von Grundherr, director of estate agent Benham and Reeves said: "While mortgage affordability remains an issue, it certainly hasn't dampened the appetite of London buyers and we've continued to see a high level of activity at all price thresholds, but particularly across the super-prime market.

Marc von Grundherr, director of Benham and Reeves, said: “While base rate holds have certainly helped to stabilise the market, high mortgage rates have continued to limit buyer purchasing power across the capital, with London home to the highest average house price of all regions."

Marc von Grundherr, who is the director at estate agent Benham and Reeves, said: "While mortgage affordability remains an issue, it certainly hasn't dampened the appetite of London buyers and we've continued to see a high level of activity at all price thresholds, but particularly across the super-prime market. Buyers at the very top end of the ladder are acting with great confidence, with the higher cost of borrowing not presenting the same obstacle as the average homeowner."

Benham and Reeves analysed sold price data from the Land Registry looking at sales to have completed across the London market (Jan to Dec 2023 - latest available), which boroughs proved the most popular and what property type was most sought after.

Marc von Grundherr, director of Benham and Reeves estate agents said: 'While mortgage affordability remains an issue, it certainly hasn’t dampened the appetite of London buyers and we’ve continued to see a high level of activity at all price thresholds, but particularly across the super-prime market.

Wandsworth, an affluent neighborhood in south London, was the city’s busiest borough for home sales over the last year, accounting for 6% of the 48,278 homes that were sold across England’s capital last year, according to a report by Benham and Reeves.

It was 'a difficult year for the London property market,' says Benham & Reeves, yet almost 50,000 homes still changed hands in the capital through 2023 - with just two boroughs accounting for more than 10% of these transactions between them.

Recent research by London estate agents Benham and Reeves found that 5.1% more £10 million+ properties have come on the market in the year to February 2024.

A Hampstead house which served as an early base for the architects behind the Gherkin and Pompidou Centre has been put up for sale for the first time in 80 years.

"The owners have said that [the architects] would work at the desks against the wall of glazing,” says sales manager Jeremy Stecker of Benham & Reeves, which has listed the property for £4 million.

For the fifth month in a row, home prices in the U.K. have increased from the previous month, with prices up 0.4% in February, according to Halifax’s House Price Index, released on Thursday. “Yet further proof that the property market is back on track with a fifth consecutive monthly increase demonstrating that real momentum is now starting to build,” said Marc von Grundherr, director of Benham and Reeves.

Marc von Grundherr, of Benham and Reeves called it “further proof the property market is back on track. While many homebuyers will have been disappointed to see yet another Budget providing no incentives to transact in what continues to be a more challenging market, it’s clear that the Chancellor’s cold shoulder won’t impact their appetites to purchase in 2024,” he said.

There has been a sharp increase in the number of homeowner housebuilders operating in the current market, the latest research by Benham and Reeves has revealed. Benham and Reeves analysed Government data on both the current and historic level of dwellings completed across England and the level of householder development decisions submitted as a proportion of all decisions.

Signifying a post-pandemic resurgence for city living, research by London estate agents Benham & Reeves also shows that rental demand has maintained momentum, with enquiries up by 12% last year from two years prior.

Marc von Grundherr, director of Benham and Reeves, said: “Buyer indecision has been the biggest factor slowing the property market over the last year and who can blame them with interest rates climbing and mortgage offers changing by the day.

Director of Benham and Reeves, Marc von Grundherr, added: “Buyer indecision has been the biggest factor slowing the property market over the last year and who can blame them with interest rates climbing and mortgage offers changing by the day. However, we simply haven’t seen the same level of hesitation in recent months and market stability has improved notably since interest rates were first held in September of last year. This confidence boost has naturally led to an increase in mortgage approvals and sellers are already starting to benefit from a greater degree of interest and an increase in the number of offers submitted.”

Benham and Reeves analysed the latest government house price data, looking at the average value of both a freehold and leasehold home across each region of England and Wales and how the premiums commanded by the latter have changed when compared to the previous year.

The partnership between Barratt London and Benham & Reeves India is not just about selling properties; it's about building lasting relationships and trust. This is evident from the meticulously planned events and engagements that have been organized in India, offering potential investors firsthand information and direct access to expert advice.

In a strategic move set to redefine the landscape of Indian investment in the UK real estate market, Barratt London, a key player in the UK’s housing industry, has forged a partnership with Benham & Reeves India. This collaboration comes at a time when London continues to be a preferred destination for Indian investors seeking safe and lucrative opportunities.

That compares with just 1% for the UK as a whole. But within that overall figure, the performance of individual boroughs varied enormously, according to data today compiled by agents Benham and Reeves. Prices fell in 26 boroughs and the City of London with the biggest declines seen in the most expensive neighbourhoods.

Prime Central London boroughs Westminster and Kensington & Chelsea saw property values fall sharply through 2023, but six London boroughs bucked the trend to record price growth through the year...

Short-term letting platform Airbnb has grown rapidly in the capital over recent years, while rents for residents seeking long-term tenancies have skyrocketed. There were over 86,500 short-term lets available in London on Airbnb in Q3 of last year, according to recent analysis from Benham & Reeves, up 9 per cent from the previous quarter.

That compares with just 1% for the UK as a whole. But within that overall figure, the performance of individual boroughs varied enormously, according to data today compiled by agents Benham and Reeves. Prices fell in 26 boroughs and the City of London with the biggest declines seen in the most expensive neighbourhoods.

Marc von Grundherr, director of London estate agent Benham and Reeves, said reducing the level of short-term lets available poses a risk to the local economy.

According to agents Benham and Reeves, which have picked the bones of the latest Land Registry data, prices fell 5.7% in the capital last year, more than any other region in the land, and painfully more than the 1% average across the UK as a whole.

The Housing Secretary’s endevours to bring an end to no-fault evictions has become quite a hot topic in the UK and met with mixed reactions from landlords, homeowners, estate agents and other industry speakers.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “The decline in house prices seen during the latter stages of 2023 has been marginal in the grand scheme of things and they remain there or thereabouts when compared to the record peaks seen during the pandemic market boom.”

Marc von Grundherr, director of Benham and Reeves, said: "The decline in house prices seen during the latter stages of 2023 has been marginal in the grand scheme of things and they remain there or thereabouts when compared to the record peaks seen during the pandemic market boom."

Marc von Grundherr, Director of Benham and Reeves, said:“The decline in house prices seen during the latter stages of 2023 has been marginal in the grand scheme of things and they remain there or thereabouts when compared to the record peaks seen during the pandemic market boom.

Some on the other side of the debate actually agree with this too, including Benham and Reeves director and landlord Marc von Grundherr. He tells Metro.co.uk: ‘The landlord exodus is, to put it bluntly, a myth. Yes, legislative changes have reduced profit margins in recent years, but this simply hasn’t been the deterrent the Government hoped it would.

Responding to the Halifax data, lettings expert Marc von Grundherr - director of the Benham and Reeves agency - says: “The general view is that 2024 will be a far more fruitful year for the UK property market and we’re already seeing early signs of this, with a fourth consecutive monthly increase in house prices and a sharp increase in both new sales listings and the number of buyers submitting offers. It really is all systems go at the moment and as market activity continues to build, property values will continue to ripen.”

Marc von Grundherr, director of Benham and Reeves said: 'The general view is that 2024 will be a far more fruitful year for the UK property market and we're already seeing early signs of this, with a fourth consecutive monthly increase in house prices and a sharp increase in both new sales listings and the number of buyers submitting offers.

‘The general view is that 2024 will be a far more fruitful year for the UK property market and we’re already seeing early signs of this, with a fourth consecutive monthly increase in house prices and a sharp increase in both new sales listings and the number of buyers submitting offers,’ notes Benham and Reeves director Marc von Grundherr.

Marc von Grundherr, director of estate agent Benham and Reeves, expressed: "The general view is that 2024 will be a far more fruitful year for the UK property market and we're already seeing early signs of this." Verona Frankish, the boss of Yopa, said: "Looking ahead, it's likely that, not only has the property market bottomed out with respect to the decline in house prices seen last year, but it's also likely that interest rates have now peaked."

After a prolonged wait-and-see period, property buyers 'are now returning' to prime London, says Benham and Reeves boss, 'tempted by improving market stability.'

London’s super prime housing marketing is seeing a boom as listings of homes valued at £10m+ increase by 5.1% on the year, according to latest research from Benham and Reeves.

London’s trophy-home market is picking up pace, with more properties asking £10 million or becoming available, according to new research. There are currently 431 such homes on the market, a 5.1% increase over the same time last year, real estate agency Benham and Reeves said in a report on Tuesday.

Director of Benham and Reeves, Marc von Grundherr, commented: “Those who were quick out of the blocks at the start of the year with yet more predictions of a property market demise are already reaching for a flannel to wipe the egg off of their faces.

Meanwhile a market-wide analysis by the estate agency Benham and Reeves found that in the fourth quarter of last year, 277,115 homes listed for sale online had been sold subject to contract, a 7 per cent rise compared with the first quarter of the year — or 18,000 more homebuyers taking the plunge.

The latest research by London lettings and estate agent, Benham and Reeves, analysed the number of homes listed across the market and marked as sold subject to contract across England in Q4, or in other words, the homes that had already secured a buyer. Benham and Reeves then looked at how this volume of sold stock had changed since the start of 2023 (Q1).

'The house price crash that so many experts said was an inevitability appears to have been averted,' says Benham and Reeves' boss, adding that 'we fully expect the market to go from strength to strength as we move into 2024.'

Newly released data from Benham and Reeves has revealed that house prices crept up in Q3 of last year, marking a second consecutive quarter of positive growth across both the UK and London markets.

The director of Benham and Reeves, Marc von Grundherr, comments: “There’s been an air of positivity hanging over the UK property market for a number of months now and this is unlikely to evaporate due to a marginal decline in sold prices. Not only is there a seasonal influence at play with today’s figures, but what we’re seeing is a return to the norm following a pandemic inspired period of house price boom. The market is currently finding its feet as buyers adjust to the reality of higher mortgage rates, while sellers are also having to adjust their expectations and as the two meet in the middle, we expect the market to stabilise.”

This post-pandemic resurgence of the city is further cemented by Benham and Reeves whose research shows that rental demand and enquiries rose by 5% during Q4 2020 and have maintained momentum over the course of the last two years, with enquiries up 12% in Q2 2023.

The latest research by London lettings and estate agent, Benham and Reeves looked at current for-sale stock to see just how much a home complete with a gym will cost you if you want to avoid the gym this January without forsaking your fitness goals.

Benham and Reeves director Marc von Grundherr said “However, those of us on the front lines have been observing a growing level of market momentum for some months now and so it was always a question of when, not if, this started to boost market health where house price growth is concerned. The property market has once again demonstrated its resilience in the face of economic uncertainty and while challenges still remain, you’d be ill-advised to predict a fall in property values over the coming year just a few short days into January.”

“A clean sweep of positive house price growth in December could be considered somewhat of a Christmas miracle given the turbulent year 2023 turned out to be,” said Marc von Grundherr, a director of the London estate agency Benham and Reeves.

Buyer demand for prime London homes rose by 1.1% during the final quarter of 2023, according to Benham and Reeves. The lettings and estate agent Prime London Buyer Demand Index showed the quarterly increase for homes valued at £2m+ (prime) in today’s report. However demand was down by 0.7% on an annual basis.

According to Marc von Grundherr at Benham and Reeves, this paltry growth is partly a result of the lack of overseas buyers and is a sign of a more normalised market. “Obviously, the rising cost of living has really held the market back.”

According to Marc von Grundherr at Benham and Reeves, this paltry growth is partly a result of the lack of overseas buyers and is a sign of a more normalised market. “Obviously, the rising cost of living has really held the market back.”

Making the top three, a story from the very start of the year from London lettings and estate agent, Benham and Reeves who revealed that despite demand for homes in the capital largely dwindling during Q4 2022 due to higher financing rates, homes at the very top end of the property market food chain were being snapped up at pace.

Marc von Grundherr, director of Benham and Reeves, commented: “Like most of us during the closing stages of the year, the UK property market remains a tad lethargic with no real movement planned until the new year comes.

'2024 already looks to be a far more promising one, with stability returning and the hope of an interest rate reduction also likely to bring buyers back into the fold.' Director of Benham and Reeves, Marc von Grundherr, added: 'Like most of us during the closing stages of the year, the UK property market remains a tad lethargic with no real movement planned until the new year comes.

Benham and Reeves analysed Google search trend data on current estate agent search trends and their interest score, to see which have seen the largest uplift in activity over the last six months.

Google search trend data on current estate agent search trends by Benham and Reeves found that over the last six months, buyers and sellers have been increasingly searching for 'high street estate agents', with the term seeing a 24 per cent increase between June and November of this year.

Bog-standard parking space in UK's 'poshest town' on sale for more than a two-bed house A 5.6 metre-long parking space is on sale for a quarter of a million pounds, as the demand for parking spaces in the UK capital grows. By OLI SMITH 07:00, Sat, Dec 9, 2023 3BOOKMARK Property prices are around 'nine times the earnings' says expert A 14-square metre parking space in south-west London is on sale for a whopping £250,000. The massive price tag is far more than the average house price in many cities across the country. by TaboolaSponsored Link Here Are 20 of the Coolest Gifts for This 2023 Top Gadgets The "secure parking space" is advertised by Nicolas Van Patrick on Rightmove, where it has been on sale since June 2022. It is located in the middle of Knightsbridge, one of the poshest parts of the capital and which regularly tops lists as the most expensive street in London. The parking space, which sits under a "prime Knightsbridge development", comes in a 5.6 metres long, and 2.5 metres wide, or a typical parking space size. Sponsored Insulated Garden Office Deals | Search Ads Edgware: Unsold Garden Offices Sell For Almost Nothing! (2023) by Taboola READ MORE: Car park war erupts as hospital staff dump cars and walk through ‘muddy bog' RIGHTMOVE - PARKING SPACE The massive price tag is far more than the average house price in many UK cities (Image: RIGHTMOVE) Features advertised include a 984-year-long lease, gated access to the parking space, and 24-hour security. However, the price tag means it could be more expensive to park your car in London than to buy the average home in major UK cities. Compared to the £250,000 for a parking space in London, £226,523 is the average property price in Birmingham. The average property price in Manchester is £226,844 while Leeds sits at £237,818. KNIGHTSBRIDGE The 'property' is advertised by Nicolas Van Patrick as a 'secure parking space' on Rightmove (Image: GETTY) Don't miss... Watch moment shoppers dive for cover as car smashes into Boots store [VIDEO] Top uni bans 'offensive' National Anthem as woke students all make one comment [LATEST] Should we wear face masks on public transport as 100-day cough cases rise? [POLL] Become an Express Premium member Support fearless journalism Read The Daily Express online, advert free Get super-fast page loading logo Start 30-day FREE trial Knightsbridge remains an outlier in the property market, with the average property price in this neighbourhood at £4,328,333. The neighborhood, which is sandwiched between Kensington, Belgravia and Mayfair, is home to fashion stores, the world-renowned department store, Harrods, and banks that cater to wealthy individuals. Earlier this year, Halifax mortgages director Kim Kinnaird revealed that the top most expensive streets in the UK are all found in London. Meanwhile, experts suggest that the clampdown on cars in London is targeting parking spaces. Knightsbridge Knightsbridge is sandwiched between Kensington, Belgravia and Mayfair (Image: GETTY) TRENDING Warning as TikTok trend giving teens heart attacks - 'children die immediately' Warning as TikTok trend giving teens heart attacks - 'children die immediately' The pretty little town frozen in time named the best place to live in the UK The pretty little town frozen in time named the best place to live in the UK Moment Jewish woman kicked in the head and left 'unconscious' on UK street Moment Jewish woman kicked in the head and left 'unconscious' on UK street Earlier this year Lambeth Council announced plans to slash 25 per cent of its kerbside parking - an area the size of 194 football pitches - to help meet its climate targets. DON'T MISS POWERED BY Iconic Christmas carol concert in pretty little UK city cancelled over safety concerns Iconic Christmas carol concert in pretty little UK city cancelled over safety concerns 7 COMMENTS Prison guard had 'phone sex with inmate who called her his Mrs' Prison guard had 'phone sex with inmate who called her his Mrs' Moment crazed Range Rover driver smashes into pub at 110mph narrowly missing pool players Moment crazed Range Rover driver smashes into pub at 110mph narrowly missing pool players 14 COMMENTS Win a Hisense U7K Mini-LED TV worth £700 to kick off 2024 in style Win a Hisense U7K Mini-LED TV worth £700 to kick off 2024 in style Boy, 8, forced to move in to hotel with mum over Christmas after council eviction Boy, 8, forced to move in to hotel with mum over Christmas after council eviction 23 COMMENTS Worker at war with company Secret Santa with 'ridiculous' £40 minimum spend Worker at war with company Secret Santa with 'ridiculous' £40 minimum spend 20 COMMENTS Trading officers seize imported sweets containing banned ingredients Trading officers seize imported sweets containing banned ingredients 5 COMMENTS Major manhunt sparked as grinning rapist goes on the run 'with vulnerable female' Major manhunt sparked as grinning rapist goes on the run 'with vulnerable female' 2 COMMENTS Woman furious in viral video after being stopped in Tesco with trolley full of shopping Woman furious in viral video after being stopped in Tesco with trolley full of shopping 292 COMMENTS Sick Eastern European crime gangs using women and children to shoplift across UK Sick Eastern European crime gangs using women and children to shoplift across UK 33 COMMENTS Woman furious after bus driver calls her sweetheart but everyone says the same thing Woman furious after bus driver calls her sweetheart but everyone says the same thing 29 COMMENTS Dental manager gave herself £285k pay rise then blamed staff's ‘debts and drug problems' Dental manager gave herself £285k pay rise then blamed staff's ‘debts and drug problems' 11 COMMENTS The two London Underground stations so ridiculously close you're better off walking The two London Underground stations so ridiculously close you're better off walking 8 COMMENTS Three teens dead after horror crash between car and bus with two critically ill Three teens dead after horror crash between car and bus with two critically ill 34 COMMENTS Jimmy Tarbuck, 83, admits hit-and-run crash near his home days after sister's funeral Jimmy Tarbuck, 83, admits hit-and-run crash near his home days after sister's funeral Case of highly-contagious deadly Victorian disease found at UK school as parents warned Case of highly-contagious deadly Victorian disease found at UK school as parents warned 37 COMMENTS Disturbing moment influencer poses in front of 'hungry' homeless man Disturbing moment influencer poses in front of 'hungry' homeless man 21 COMMENTS Moment police officer asks Israel protestor to take flag down from Trafalgar Square Moment police officer asks Israel protestor to take flag down from Trafalgar Square 153 COMMENTS Shameless Lucy Letby struck off nursing register as she defiantly maintains innocence Shameless Lucy Letby struck off nursing register as she defiantly maintains innocence 40 COMMENTS Iconic Christmas carol concert in pretty little UK city cancelled over safety concerns Iconic Christmas carol concert in pretty little UK city cancelled over safety concerns 7 COMMENTS Prison guard had 'phone sex with inmate who called her his Mrs' Prison guard had 'phone sex with inmate who called her his Mrs' Moment crazed Range Rover driver smashes into pub at 110mph narrowly missing pool players Moment crazed Range Rover driver smashes into pub at 110mph narrowly missing pool players 14 COMMENTS Win a Hisense U7K Mini-LED TV worth £700 to kick off 2024 in style Win a Hisense U7K Mini-LED TV worth £700 to kick off 2024 in style Boy, 8, forced to move in to hotel with mum over Christmas after council eviction Boy, 8, forced to move in to hotel with mum over Christmas after council eviction 23 COMMENTS Worker at war with company Secret Santa with 'ridiculous' £40 minimum spend Worker at war with company Secret Santa with 'ridiculous' £40 minimum spend 20 COMMENTS Trading officers seize imported sweets containing banned ingredients Trading officers seize imported sweets containing banned ingredients 5 COMMENTS Major manhunt sparked as grinning rapist goes on the run 'with vulnerable female' Major manhunt sparked as grinning rapist goes on the run 'with vulnerable female' 2 COMMENTS Woman furious in viral video after being stopped in Tesco with trolley full of shopping Woman furious in viral video after being stopped in Tesco with trolley full of shopping 292 COMMENTS Sick Eastern European crime gangs using women and children to shoplift across UK Sick Eastern European crime gangs using women and children to shoplift across UK 33 COMMENTS Woman furious after bus driver calls her sweetheart but everyone says the same thing Woman furious after bus driver calls her sweetheart but everyone says the same thing 29 COMMENTS Dental manager gave herself £285k pay rise then blamed staff's ‘debts and drug problems' Dental manager gave herself £285k pay rise then blamed staff's ‘debts and drug problems' 11 COMMENTS The two London Underground stations so ridiculously close you're better off walking The two London Underground stations so ridiculously close you're better off walking 8 COMMENTS Three teens dead after horror crash between car and bus with two critically ill Three teens dead after horror crash between car and bus with two critically ill 34 COMMENTS Jimmy Tarbuck, 83, admits hit-and-run crash near his home days after sister's funeral Jimmy Tarbuck, 83, admits hit-and-run crash near his home days after sister's funeral Case of highly-contagious deadly Victorian disease found at UK school as parents warned Case of highly-contagious deadly Victorian disease found at UK school as parents warned 37 COMMENTS Disturbing moment influencer poses in front of 'hungry' homeless man Disturbing moment influencer poses in front of 'hungry' homeless man 21 COMMENTS Moment police officer asks Israel protestor to take flag down from Trafalgar Square Moment police officer asks Israel protestor to take flag down from Trafalgar Square 153 COMMENTS Shameless Lucy Letby struck off nursing register as she defiantly maintains innocence Shameless Lucy Letby struck off nursing register as she defiantly maintains innocence 40 COMMENTS Iconic Christmas carol concert in pretty little UK city cancelled over safety concerns Iconic Christmas carol concert in pretty little UK city cancelled over safety concerns 7 COMMENTS Prison guard had 'phone sex with inmate who called her his Mrs' Prison guard had 'phone sex with inmate who called her his Mrs' Moment crazed Range Rover driver smashes into pub at 110mph narrowly missing pool players Moment crazed Range Rover driver smashes into pub at 110mph narrowly missing pool players 14 COMMENTS Win a Hisense U7K Mini-LED TV worth £700 to kick off 2024 in style Win a Hisense U7K Mini-LED TV worth £700 to kick off 2024 in style Boy, 8, forced to move in to hotel with mum over Christmas after council eviction Boy, 8, forced to move in to hotel with mum over Christmas after council eviction 23 COMMENTS Marc von Grundherr, director of Benham and Reeves, said: "There’s a huge premium on parking, and it’s getting worse and worse, even though more people are using public transport. There’s a massive shortage of supply." Mr Von Grundherr said that some parking spaces have gone up by almost 50 per cent in value in the last five years - a figure he expects to sky-rocket in the coming years.

Marc von Grundherr, director of Benham and Reeves, agrees. London’s housing market has proven to be consistent, he says, while the average London home has gained £60,000 in value since before the pandemic. Demand from international buyers, who are less deterred by high mortgage rates, is also up. His verdict? “For those looking to sell, now remains as good a time as any.”

Benham and Reeves analysed the latest data from the Bank of England for Q3 of this year, looking at the number of homeowners who have fallen into mortgage arrears of over 2.5% of their outstanding balance.

Director Marc von Grundherr interviewed by Will Bain on BBC Radio 5 Live’s ‘Wake up to Money’ show talking about the London Lettings market; how Tenants can bag a home in this red-hot market and why there are not enough rental properties to go around right now.

Marc von Grundherr, Director of Benham and Reeves, commented: “It’s been a strange and uncertain year for the UK property market and so it’s only fitting that house prices should start to rally at a time of year when we usually see a seasonal lull. Home sellers will rejoice at the strongest house price performance in nine months and, with mortgage market activity also starting to increase, the current outlook is very positive indeed. However, those who have so widely prophesied the demise of the market over the last year will no doubt turn green with Grinch like fury having been proven wrong once again.”

MailOnline asked Marc von Grundherr, Director of Bentham and Reeves to look at a number of LTNs around the country and assess whether they were already having an impact on property prices.

Marc von Grundherr, director of London estate agent, Benham and Reeves, says: “It’s almost inevitable that the day before this, bins will be piled high, or rubbish will be strewn around the street where a fox has been searching for its supper. This is not a great look for potential buyers. Nor is it a great smell."

While annual house price growth is down ‘pretty much across the board’ in the prime London housing market, there are two types of homes that appear to be bucking the trend, says Benham and Reeves, who analysed prime London prices by property type across 20 prime neighbourhoods.

While studios and small flats have struggled in the cooling conditions, foreign buyers have been driving the market for certain family-suitable homes, reports Benham & Reeves.

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”.

Director of Benham and Reeves, Marc von Grundherr, comments: “Homeownership is a journey that many embark on and the most exciting stage is, of course, getting that first foot on the ladder with a property we can call our own.

London agent Benham and Reeves studied ONS data for 2021 (which admittedly is quite long in the tooth). And it discovered that North Norfolk is England’s housing equity hotspot, with 72% of homes in the area owned mortgage-free. London’s Kensington & Chelsea and East Devon follow hot on its heels, at 71% and 70% respectively.

"We regularly see rental properties inundated with numerous applications the day they hit the market ..."

This was echoed by Marc von Grundherr, director of Benham and Reeves, who said: “It really remains a case of ‘nothing to see here’ when it comes to the current performance of the UK property market. “With the countdown to Christmas now on, the likelihood is that the market will remain in a state of house price limbo until January, at which point the usual uptick in activity should help spark some life back into proceedings.”

This was echoed by Marc von Grundherr, director of Benham and Reeves, who said: “It really remains a case of ‘nothing to see here’ when it comes to the current performance of the UK property market.

Kensington and Chelsea have the highest rate of outright homeownership across London, where 71% of homeowners are on the ladder without the help of a mortgage, with the City of London, Westminster, Camden and Barnet also ranking as some of the capital’s housing equity hotspots. That’s according to research by London lettings and estate agent, Benham and Reeves, who analysed data from the Office for National Statistics looking at the balance between homes owned outright and those owned with a mortgage.

“If you are looking to have capital appreciation together with a rental yield and you can buy a property within a certain price range, then there is no better place than London,” says Anita Mehra, Managing Director, Benham & Reeves. Benham & Reeves is among London’s oldest, independently-owned property lettings and sales agents, specialising in residential sales in prime areas of London. In August this year, Barratt London partnered with Benham & Reeves India to cash in on the growing demand of property buyers from India looking for opportunities across the UK.

Analysis by estate agent Benham and Reeves showed that buyer interest was weakest in October for homes in the capital priced between £400,000 and £499,999.

The latest research by London lettings and estate agents, Benham and Reeves, analysed current property listings across the capital at each price threshold, before looking at which price threshold currently boasts the greatest degree of for-sale stock, as well as the highest levels of buyer demand, based on the proportion of total stock that has already been marked as under offer or sold subject to contract.

The Benham & Reeves London Property Roadshow, held in collaboration with Barratt Developments Plc, supported by PHD Chamber Of Commerce and Industry unfolded as a resounding success, offering attendees a unique opportunity to explore an array of top-tier properties and gain profound insights into the thriving London real estate market.

Catch Sakshi Batra, Sr. Associate Editor, BTTV in conversation with Anita Mehra, Managing Director, Benham And Reeves and Stuart Leslie, International Sales and Marketing Director, Barratt London.

London estate agency Benham and Reeves analysed sold price data from the Land Registry for property sales to have completed so far this year across 12 major cities. The firm then looked at what proportion of total sales sold for £1m or more, the average sold price and the total value of homes sold.

“We regularly see rental properties inundated with numerous applications the day they hit the market, with tenants prepared to pay more than the asking rent and, in some cases, offering to pay 12 months up front,” Marc von Grundherr, director of London estate agent Benham and Reeves, told City A.M.

Rents could boom even more in the next ten years, predictions from Benham and Reeves suggest. If current trends continue, average London rents would hit £2152 a month by 2023, and would top £1600 in every single borough. A typical property in Westminster could fetch as much as £3,871 a month.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “Some landlords have seen their potential profits hit hard by government policy-making and increasing mortgage rates.

Analysis of Land Registry figures by estate agent Benham and Reeves showed that buyers shelled out seven-figure sums for 21 per cent of the residential properties that changed hands in the capital in the first eight months of this year.

The research by Benham and Reeves shows that when taking into account both the depreciation of a property over the last five years, coupled with growth in property values, the government has made a tidy sum on each Help to Buy property across almost every region of England.

Marc von Grundherr, director of estate agents Benham and Reeves, says the reversal of the pandemic exodus from the capital has overloaded demand for space in this area. “Now that normality has returned, so too have the capital’s tenants. East Finchley provides a best-of-both-worlds option. "The area lies within close proximity of Hampstead Heath, Highgate Woods, Alexandra Park and a number of other green areas. There are numerous golf clubs and other clubs for sporting pursuits. But despite this abundance of outdoor space, the area lies just 20 minutes from the city centre via a direct Tube.”

Director of Benham and Reeves, Marc von Grundherr, tells Metro.co.uk ‘‘Always be on time and show a genuine interest. After all, it’s someone’s property you are looking at and they may be more inclined to let to someone who actually wants to live there will appreciate it fully.’

Director of Benham and Reeves, Marc von Grundherr, tells Metro.co.uk: ‘Time and time again, we see tenants turn up to a viewing late and traipse around showing little to no emotion. Always be on time and show a genuine interest. After all, it’s someone’s property you are looking at and they may be more inclined to let to someone who actually wants to live there will appreciate it fully.’

Increased costs for Help to Buy schemes is a “ticking time bomb ready to explode”, Benham and Reeves director, Marc von Grundherr, has warned.

“It’s only natural that while interest rates have risen, buyer appetites have diminished,” said Marc von Grundherr, director of Benham and Reeves, adding that the strong sellers’ market has cooled. “This isn’t to say that sellers aren’t still achieving a fair price, however, they certainly aren’t benefiting from the feeding frenzy of multiple buyers fighting it out for the same property.”

Marc von Grundherr, director of estate agent Benham and Reeves, said the Help to Buy “ticking time bomb could soon explode” as five-year interest-free periods come to an end and borrowers refix onto rates they simply cannot afford.

A key highlight of Camden Goods Yard is its prime location near Central London, says Doris Tan, regional director at Benham & Reeves. “The project is close to many amenities and major universities in London, which will be a major attraction to Singapore buyers,” she adds.

Benham & Reeves has partnered strategically with Barratt London the largest housebuilder in the UK to offer Indian investors some of the finest property developments in London.

The Prime London Demand Index by Benham and Reeves monitors demand for London’s most expensive properties based on the level of market activity seen between the £2m to £10m threshold and the super prime market of £10m+. Demand is based on the proportion of all homes listed for sale across the prime market that have already been sold subject to contract.

The Prime London Demand Index by Benham and Reeves monitors demand for London’s most expensive properties based on the level of market activity seen between the £2m to £10m threshold and the super prime market of £10m+.

Marc von Grundherr, director of Benham and Reeves, added that today’s interest rates freeze was a “small victory” for homeowners, as borrowing costs are still considerably higher than a few years ago.

There will still be a real worry for those coming to the end of a fixed rate term’ Marc von Grundherr of Benham and Reeves called it, ‘a small victory for the nation’s homebuyers who have seen the financial goal posts move constantly in recent months.

That’s according to new research from London lettings agency Benham and Reeves, which compared the average rental portfolio income, based on portfolio size and rent values, in Q1 2022 with that in Q1 2023.

“I have never seen the rental market so hot… There is not enough stock and there is no let-up in demand,” says Marc Von Grundherr, of Benhams estate agents.

Landlords with a property portfolio in London have seen their average annual rental income soar by 32.9% over the last 12 months, new research from Benham and Reeves reveals.

According to Land Registry figures obtained by estate agent Benham and Reeves, Hong Kong investors own an estimated £10.8bn worth of property across England and Wales, making them the largest foreign property owners in the country.

The latest research by London lettings and estate agent, Benham and Reeves, compared the size of investors’ portfolios between the first quarter of 2022 and the same quarter this year and found that landlords are reducing their stock in response to the hostile policies enacted by the past few Conservative governments.

A London-focused lettings agency is partnering with Barratt London to encourage Indian investors.

Benham and Reeves analysed house prices across London postcodes home to schools with Good or Outstanding Ofsted ratings, how they have performed over the last year and how this performance compares to the wider borough in which they are located.

House prices near to the higher ranked schools in the capital are getting a welcome boost, according to research from London agents Bensham and Reeves.

Tenants in the UK capital face surging rents and eviction as landlords pass on pressure from higher borrowing costs ...

Marc von Grundherr, director at London-based estate agents Benham and Reeves, said landlords are increasingly asking him to include such clauses in tenancy agreements. To date, they have drafted two agreements that state rents can be increased if the Bank of England raises its rate.

Land Registry figures obtained by estate agent Benham and Reeves indicate that Hong Kong investors own an estimated £10.8 billion in property across England and Wales, making them the largest foreign property investors in terms of value.

Marc von Grundherr, director of London agents Benham and Reeves, said: “Another index and yet further evidence that while the market may be subdued at present, it’s far from teetering on a cliff edge.”

Separate research, by lettings agency Benham and Reeves, shows that solo buyers in London need to increase their income by vast amounts if they want to be in with a chance of securing a mortgage in the current market. The research shows that the average London house price is currently £525,629. A typical 20 per cent deposit means the initial down payment comes to £105,126, leaving £420,503 to be covered by a mortgage.

London buyers in search of enviable views of the city can expect to pay a premium of up to 137%, according to a Monday report from London agency Benham and Reeves.

With demand for property in London remaining strong among Indian investors, Barratt London has partnered with Benham & Reeves India.

With demand for property in the UK’s capital remaining strong among Indian investors, Barratt London, part of the UK’s largest housebuilder Barratt Group, has partnered with Benham & Reeves India as property buyers from India are continuing to look for opportunities across the UK.

Companies in this article. Benham & Reeves. Most read. News. 9 Aug, 2023. Fast-growing Mayfair agency recruits 'London's best-connected agent' ...

Homebuyers are facing house price premiums of up to 140% for properties in the capital that have a nice view, according to findings from Benham and Reeves.

Marc von Grundherr, director of Benham and Reeves estate agents, said considering the surge in house prices during the pandemic, "it is actually quite remarkable that the market is still standing so strong given the wider economic picture".

The recent decline in house prices has been consistent, albeit marginal, but it's important to remember that the comparison being made is to the heights of the pandemic boom seen this time last year. When you consider this small detail, it's actually quite remarkable that the market is still standing so strong given the wider economic picture.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “For starters, you may neglect some of the vital aspects of your home that add value in the eyes of a buyer. You also need to make yourself readily available, which many people struggle to do in the modern world with work and family commitments.”

Marc von Grundherr, director of Benham and Reeves explained that the rise will come as “as yet another nail in the coffin for the nation’s borrowers,” as many may struggle to keep up with rising payments amid the rising cost of living.

Director of Benham and Reeves, Marc von Grundherr, comments: “Homebuyers love a bit of luxury regardless of what end of the ladder they are looking to purchase and there’s a few ways you can add a luxurious feel to your home that can help boost the price you achieve when looking to sell."

Director of Benham and Reeves, Marc von Grundherr, comments: “Homebuyers love a bit of luxury regardless of what end of the ladder they are looking to purchase and there’s a few ways you can add a luxurious feel to your home that can help boost the price you achieve when looking to sell."

Marc von Grundherr, director of Benham and Reeves explained that the rise will come as “as yet another nail in the coffin for the nation’s borrowers,” as many may struggle to keep up with rising payments amid the rising cost of living.

Hong Kong homeowners own the most valuable property portfolio across England and Wales, worth an estimated £10.8bn in current market conditions, research by London agent Benham and Reeves has revealed.

Marc von Grundherr, director of Benham and Reeves, added: “We’ve seen inflation ease in recent weeks, however, interest rates and the resulting cost of borrowing remain high and this is continuing to dampen buyer appetites, which in turn is impacting house prices. While we don’t anticipate any notable correction on the horizon, we expect these lethargic market conditions to remain in the short-term, until such time the cost of climbing the ladder starts to reduce.”

Director of Benham and Reeves, Marc von Grundherr, commented: “We’ve seen inflation ease in recent weeks, however, interest rates and the resulting cost of borrowing remain high and this is continuing to dampen buyer appetites, which in turn is impacting house prices. While we don’t anticipate any notable correction on the horizon, we expect these lethargic market conditions to remain in the short-term, until such time the cost of climbing the ladder starts to reduce.”

Marc von Grundherr, director of London-based estate agents, Benham and Reeves, commented: “We’ve seen inflation ease in recent weeks, however, interest rates and the resulting cost of borrowing remain high and this is continuing to dampen buyer appetites, which in turn is impacting house prices.”

The corporate housing market within the UK is showing strong signs of a post-pandemic recovery, the latest research by London lettings and estate agent Benham and Reeves shows.

The latest research by London lettings agency Benham and Reeves has revealed the uphill struggle facing those in search of a London rental property.

Marc von Grundherr, a director of estate agents Benham & Reeves, said: “The pandemic property rollercoaster ride has certainly ground to a halt so far in 2023, but rather than the market coming off the rails, what we’re now seeing is house prices returning to pre-pandemic levels.”

Marc von Grundherr, a director of estate agents Benham & Reeves, said: “The pandemic property rollercoaster ride has certainly ground to a halt so far in 2023, but rather than the market coming off the rails, what we’re now seeing is house prices returning to pre-pandemic levels.”

Newly released data from research conducted by London lettings and estate agent, Benham and Reeves, has revealed that there are currently 40,496 rental homes available to rent across London - equating to 4% of the capital’s total 1,009,266 rental homes highlighting the slim pickings on offer to prospective London tenants.

With buyers in London increasingly coming from overseas —there are 103,425 foreign-owned homes in London, worth a total of £55.2 billion, according to new data from Benham and Reeves

Newly released data from research conducted by London lettings and estate agent, Benham and Reeves, has revealed that there are currently 40,496 rental homes available to rent across London - equating to 4% of the capital’s total 1,009,266 rental homes highlighting the slim pickings on offer to prospective London tenants.

Research by London lettings and estate agent, Benham and Reeves, found all but one of the top 10 most valuable markets for foreign homeownership are located within London.

The total value is based on current average prices and calculated by estate agent Benham & Reeves. The firm said that equates to non-UK buyers accounting for 2.76% of London’s total existing housing stock (valued at just over £2 trillion).

Benham & Reeves has identified which areas have the most homes registered to an overseas correspondence address.

Overseas buyer appetite for London’s housing market is set to climb this year despite the mortgage crisis, offering a boost to prices as figures revealed the estimated value of foreign-owned homes in the capital stands at £55.2 billion.

“There’s a huge premium on parking, and it’s getting worse and worse, even though more people are using public transport,” says Marc von Grundherr, director of Benham and Reeves. “There’s a massive shortage of supply.”

Buying a parking space can cost anywhere between £25,000 and £250,000 depending on location, says von Grundherr. Last year, he sold a double garage in north London for £1.65 million, with planning permission to build a house in the space.

The Prime London Demand Index by Benham and Reeves reveals that despite this quarterly rise, demand in the prime market is actually 2% lower than in Q2 2022.

Chris Cooper, Associate Director at Hampstead Estate Agents Benham & Reeves, shares some insights on the current state of the property market and how he has helped shape an ethos that keeps his clients constantly informed and in the loop.

According to new figures collated by Benham and Reeves, it is still possible to get on the property ladder within walking distance of a station for less than £300,000.

SUBSCRIBE TOGGLE MENU Buyer demand climbs for prime London property Promising signs of life return to London's prime market as buyer demand climbs in Q2, according to the latest research from Benham and Reeves. RELATED TOPICS: PROPERTY, LONDON, PRIME LONDON PROPERTY | REPORTER 30TH JUNE 2023 Prime London 551 "While some of the prime market’s more peripheral neighbourhoods remain the destination of choice for many, it’s great to see central locations such as Wapping, Canary Wharf and Pimlico also leading the charge" The Prime London Demand Index by Benham and Reeves monitors demand for London’s most expensive properties based on the level of market activity seen between the £2m to £10m threshold and the super prime market of £10m+.

Director of Benham and Reeves, Marc von Grundherr, comments: “The market remains in fairly good form considering interest rates are at their highest since 2008 and we expect this will now bring about a reversal in market fortunes. The more inflated areas of the market, such as London, largely trailed their more affordable counterparts where pandemic house price growth is concerned.

Research by Benham and Reeves shows that the initial London ULEZ - Ultra Low Emission Zone - pilot scheme which launched in 2019 had little impact on house prices...

The cost of entry to live in England’s priciest postcode is an average £8 million (US$10.2 million). London’s W1K postcode, which encompasses a large swath of the city’s notoriously high-end Mayfair neighborhood, ranks as the most expensive housing market across England and Wales, according to a report Monday from estate agency Benham and Reeves.

Buying a home in the UK just got slightly more depressing, with the news this week that a typical two-year fixed mortgage deal now has an interest rate of more than 6%. Coinciding with this rather bleak update, estate agents Benham and Reeves have shared the priciest postcodes in the country so far this year.

London’s W1K postcode, which encompasses a large swath of the city’s notoriously high-end Mayfair neighborhood, ranks as the most expensive housing market across England and Wales, according to a report Monday from estate agency Benham and Reeves.

The latest research by London lettings and estate agent, Benham and Reeves shows that the W1K postcode of Westminster sits top of the table as the nation’s priciest so far in 2023.

The event draws huge crowds every year, but for the very best chance of securing a spot, Benham and Reeves have looked at what it currently costs to purchase a property along the route.

To keep down their tax liability, it has become increasingly common for landlords to set up a limited company to buy properties. Marc von Grundherr, director of estate agent Benham & Reeves, says: “The advantage of this structure is that limited companies may offset their mortgage interest costs directly against their income.”

New research shows that the average sold price of a home in the capital stands at £525,000. However, to buy in the top one per cent of the market you would need considerably deeper pockets. Benham & Reeves look at what it takes to join London's exclusive 1% club.

The average buyer requires an estimated income of £4.7m in order to purchase a property in the top 1% of the market, according to research by Benham and Reeves.

Data compiled for Homes & Property by London agents Benham and Reeves shows that a single buyer currently needs to earn a salary of £75,556 to buy a £400,000 first home, assuming a 15 per cent deposit of £60,000 and a mortgage loan 4.5 times income.

Director of Benham and Reeves, Marc von Grundherr, comments: “We’ve seen a promising start to the year so far in terms of buyer interest returning to the market but what we’re simply not seeing is this interest convert at the same rate. This buyer hesitation has been largely spurred by increasing interest rates and while the market is standing firm, it’s this more tentative approach to buying that is causing house prices to stutter.”

Marc von Grundherr, a director of the London-focused estate agent Benham and Reeves, said: “We've seen a promising start to the year so far in ...

“We expect to see the sleeping giant of the London market start to awaken as the year progresses, having lay largely dormant during much of the pandemic market boom,” said Marc von Grundherr, director of Benham and Reeves.

Moreover, the ultra-rich have already made their move. Four recent transactions for “super-prime London units above £15 million” involved Chinese buyers, said Marc von Grundherr, a director at London-based property agency Benham and Reeves.

Director of Benham and Reeves, Marc von Grundherr, commented: “Today’s figures further highlight the sluggish start to the year with respect to house price performance. However, things are certainly starting to improve and it will take some time before an uplift in market activity filters through to an increase in the rate of house price growth."

'The North’s house price dominance over the South might not last forever,' says Benham and Reeves, as London's southern boroughs see more residential property transactions and higher rates of price growth than their northern counterparts.

Far from simply being a national phenomenon, the great North vs South property divide can be found on a city level, with new market analysis from Benham and Reeves revealing how properties south of the river are outperforming the North on house price growth and sales volume.

For Hongkongers, with the Hong Kong dollar pegged to the US dollar, a weakened pound could mean a price discount of as much as 3.3 per cent or nearly HK$100,000 (US$12,800) in the current market, said Marc von Grundherr, a director at London-based property agency Benham and Reeves.

From luxury hotels to high-end designer shops, London has more than its fair share of 'brandmarks'. The latest research from Benham and Reeves looks at how this next level of the Waitrose effect is impacting local house prices.

Buyers from Hong Kong own more properties in England and Wales than any other foreign place, new data reveals. Research by London lettings and estate agent, Benham and Reeves, shows that residents from the 50 most represented foreign locations combine to own 187,275 properties.

London lettings and estate agent, Benham and Reeves, submitted a Freedom of Information request to the Land Registry to ascertain the 50 most prominent foreign nations represented among individual residential property owners in England & Wales, and how many properties they own.

Director of London estate agency Benham and Reeves, Marc von Grundherr, said: 'In the current climate, it simply isn’t worth the risk and you’re far better off waiting and accumulating a more stable nest egg with which to place a mortgage deposit.'

Marc von Grundherr, director of London estate agent Benham and Reeves, said: “A further hike to the cost of borrowing will do little to enthuse ...

Marc von Grundherr, director of Benham and Reeves, suggested the hike shows the importance of buyers borrowing within their means. He said: “A further hike to the cost of borrowing will do little to enthuse the nation’s aspirational homeowners, who are currently battling with an astronomical cost of living while attempting to save enough to climb the ladder.

“There’s no doubt that the recent and historic weakening of the pound has been a driving factor behind an uptick in overseas property investment within the UK, with many overseas buyers now benefiting from fluctuating exchange rates,” said Marc von Grundherr, director at Benhams.

Ahead of the coronation of King Charles III this weekend, new research from London lettings and estate agent, Benham and Reeves, looks at the value of properties situated in close proximity to one of the capital's royal parks and how this compares to the price of an average London home.

However, landlords in the capital are actually listing their properties at higher prices than this, meaning tenants looking for homes at the moment may be surprised at the extra costs they could be faced with. This is according to analysis from Benham and Reeves, looking at homes that are on the market right now.

Research by London lettings and estate agent, Benham and Reeves, analysed the current cost of renting across each borough of London based on the asking rent for those properties that are currently available to rent on the market, comparing this data to the official figures curated by the Office for National Statistics to calculate the reality gap facing tenants navigating today’s market.

Renting in the Capital costs far more than official data suggests – with research from estate agent Benham and Reeves revealing that the current cost of renting across the London is 37% or £613 more per month than official statistics suggest.

Director of Benham and Reeves, Marc von Grundherr, commented: “Following a prolonged period of unprecedented house price growth, we’ve continued to see a gradual return to normality in 2023, with a second quarterly reduction in the average value of a home across both the UK and London markets.

The London lettings and estate agent Benham and Reeves reports that the gap between the mortgage approved price of a buyer (£271,098) and the asking price expectations of a seller (£363,416) has increased to 34.1% across the UK.

Lettings and estate agent, Benham and Reeves, submitted a Freedom of Information request to the Land Registry to ascertain the number of properties across each area of England and Wales with the title registered to an overseas correspondence address, combined with Gov data on properties registered with an overseas company.

Fancy a day at the races? You won’t have far to go if you buy a home close to a racecourse, though according to estate agency Benham & Reeves you’ll typically pay a 12% premium compared with the wider area to live on the doorstep of a famous equestrian venue.

Director of Benham and Reeves, Marc von Grundherr, commented: “Those of us on the ground have seen a sustained level of market activity since the start of the year and it was only a matter of time before this initial interest started to restimulate the market, reversing the reduction in house prices seen during the latter stages of last year. Homebuyers may not be moving with the same gusto seen during the pandemic boom, but stability has returned and the boat has well and truly steadied.”

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Savills, Benham & Reeves ...

The Prime Central London Demand Index by Benham and Reeves monitors demand for London’s most expensive properties based on the level of market activity seen between the £2m to £10m threshold and the super prime market of £10m+.

Rising mortgage rates will likely result in a decline in borrowing, which may curb demand for housing and slow down the dramatic increase in house ...

The latest test of landlord sentiment by lettings and estate agent, Benham and Reeves, found that 49% were disappointed that whisperings of a potential reintroduction of mortgage relief were unfortunately just that and the government didn’t decide to u-turn on the subject in last week’s spring statement.

Foreign currency exchange rates are saving expats up to £40,000 on asking prices, says leading London estate agency Benham & Reeves.

Marc von Grundherr, Director of London lettings and estate agent, Benham and Reeves, told Metro.co.uk: ‘There are myriad reasons a home may sit on the market without selling and, on the face of it, Britain’s least loved home has plenty of appealing factors, such as its size, commutability and a host of local amenities.

The analysis by Benham and Reeves has shown that on average, a landlord will be required to carry out repair or maintenance work on a buy-to-let property 72 times during their ownership, costing them over £34,000.

Marc von Grundherr, director of London estate agents Benham and Reeves, said: “While the London market hasn’t performed as strongly as the rest of the UK during the pandemic market boom, momentum is building.”

Rightmove’s report also quoted Marc von Grundherr, director of estate agent Benham and Reeves, who said: “While the London market hasn’t performed as strongly as the rest of the UK during the pandemic market boom, momentum is building and while asking prices are still a little off the pace for this time of year, we’ve seen a strong and consistent level of buyer demand so far in 2023.

Marc von Grundherr, managing director of estate agents Benham and Reeves, said many people who left the capital at the height of the Covid-19 crisis were looking to re-establish themselves without losing all the benefits of the commuter belt.

Marc von Grundherr, managing director of estate agents Benham and Reeves, said many home hunters want to be at a commutable distance to the centre of London, but remain on the edge of the city.

The latest research by lettings and estate agent, Benham and Reeves, looked at current property market values and how they compare to this time last year, with the research showing that since February 2022, the average UK sold price has increased by 7.8% to £294,329 today.

Many international buyers 'are now enjoying a substantial discount when purchasing versus the price they would have paid a year ago when property values were lower', says a London estate agency.

Approximately 830,940 homes were sold in 2022, meaning one in eight was down-valued. Down-valued homes typically see a reduction of £8,215, according to Benham and Reeves, but some have seen £100,000 wiped off their value.

Overseas investors have bagged an effective bonus of £40,000 off the purchase of a UK buy to let, according to leading lettings agency Benham and Reeves.

The latest research by lettings and estate agent, Benham and Reeves, has revealed that while the majority of UK homeowners believe they’ve found their dream home, 85% of them would house swap in a heartbeat if it meant returning to their childhood home.

With this in mind, the latest research by lettings and estate agents, Benham and Reeves, has revealed the most expensive home sales last year by region in England.

A research report by London real esate firm Benham and Reeves in July 2022, had noted that overseas investors continue to look to the United Kingdom housing market, with London, Liverpool, Salford and Manchester in the top 20 list for foreign investment.

The director of Benham and Reeves, Marc von Grundherr, sees it this way: “Although previous reports of housing market health have been less than positive, those of us on the ground are privy to changes in market sentiment far sooner than the reporting of topline statistics allows.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “While current house price performance may remain sluggish when compared to the meteoric rates of the pandemic market boom, there’s been a notable uptick in activity in 2023 and this has reversed the rot seen during the back end of last year.”

Marc von Grundherr, director of estate agent Benham and Reeves, said: “While current house price performance may remain sluggish when compared to the meteoric rates of the pandemic market boom, there’s been a notable uptick in activity in 2023 and this has reversed the rot seen during the back end of last year.”

There, average property prices have grown at a breakneck 145% between 1996 and 2021. "The clear reason [behind this] is that homeowners began to outnumber those who rent... there was a lack of available social housing... so people had to choose between paying more expensive rent or buying their own home," Marc von Grundherr, Director of Benham and Reeves, told Euronews.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “While current house price performance may remain sluggish when compared to the meteoric rates of the pandemic market boom, there’s been a notable uptick in activity in 2023 and this has reversed the rot seen during the back end of last year.”

To avoid paying higher rates of income tax, it’s become increasingly common for landlords to set up a limited company to buy properties. Marc von Grundherr, director of estate agent Benham & Reeves, said: “The advantage of this structure is that limited companies may offset their mortgage interest costs directly against their income.”

Newly released research by lettings and estate agent, Benham and Reeves, looked at the most common repair and maintenance tasks associated with a buy-to-let property, how often they occur during the ownership of a property and the total cost of completing these tasks over their period of ownership.

Marc von Grundherr, director of Benham and Reeves: “House prices have been sky high for quite some time and it’s fair to say that, having flown too close to the sun, they’re now starting to come back down to earth as a result of wider economic headwinds. The good news is that this return to normality has been a smooth one so far and we’re yet to see the crash landing that many so widely predicted.”

Research last summer by the estate agency Benham and Reeves found that non-Britons with overseas correspondence addresses own 85,451 properties in London, with a total value of £45.3 billion.

The latest research by lettings and estate agent, Benham and Reeves, has revealed that many homeowners could be tempted into a house swap depending on what was on offer.

Marc von Grundherr, Director of London estate agents Benham and Reeves, said the figures were likely to be more keenly celebrated outside the M25. Within the confines of the capital, such a price tag is unlikely to raise an eyebrow, let alone be classed as a phenomenon,” he said. “With London home to almost half of the nation’s £1 million property stock, these latest figures won’t send any shock waves reverberating across the market".

The UK has an estimated 2.65 million landlords, equating to 3,959 for every 100,000 people, according to recent analysis by letting specialists Benham & Reeves.

Marc von Grundherr, director of Benham and Reeves, said: “A combination of economic turbulence, increasing mortgage rates and a squeeze on household finances has been the perfect recipe for a reduction in the rate of house price growth and that’s what we’ve seen since the closing stages of last year.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “A combination of economic turbulence, increasing mortgage rates and a squeeze on household finances has been the perfect recipe for a reduction in the rate of house price growth and that’s what we’ve seen since the closing stages of last year.”

Marc von Grundherr, director of estate agent Benham and Reeves, said: “A combination of economic turbulence, increasing mortgage rates and a squeeze on household finances has been the perfect recipe for a reduction in the rate of house price growth and that’s what we’ve seen since the closing stages of last year.”

Marc von Grundherr, director of estate agent Benham and Reeves, said: “A combination of economic turbulence, increasing mortgage rates and a squeeze on household finances has been the perfect recipe for a reduction in the rate of house price growth and that’s what we’ve seen since the closing stages of last year.”

Benham and Reeves analysed sold price records from the Land Registry, looking at how much a Valentine themed road name will set you back in the current market, as well as how the price of property on these roads has changed since last Valentine’s Day.

Marc von Grundherr, director of Benham and Reeves, commented: “In the modern age, technology has allowed us to expand our property portfolios beyond the previous geographical limitations of yesteryear".

East Ham offers a great opportunity for Londoners to live in close proximity to central London or Canary Wharf without paying a premium, according to Marc von Grundherr, managing director of estate agents Benham and Reeves.

Where people live affects how happy they are, according to a study by London estate agent Benham and Reeves, which has revealed the happiest areas may be those with below average house prices.

At the other end of the spectrum there is Marc von Grundherr, director of London estate agent Benham and Reeves, who says: “Those of us with our ear to the ground will tell you that both buyer and seller enquiries are coming in thick and fast, particularly across the London market.”

"We remain a nation driven by the aspiration of homeownership and it’s only a matter of time before this uplift in activity reverses the reduced rates of house price growth seen during the latter stages of last year.” said Marc von Grundherr, Director at Benham and Reeves.

Director of Benham and Reeves, Marc von Grundherr, commented: “It’s been a swift start to the year and those of us with our ear to the ground will tell you that both buyer and seller enquiries are coming in thick and fast, particularly across the London market. So while we may have seen a momentary period of respite towards the end of 2022, there is a renewed level of optimism enveloping the market so far this year.

“It’s been a swift start to the year and those of us with our ear to the ground will tell you that both buyer and seller enquiries are coming in thick and fast, particularly across the London market. So while we may have seen a momentary period of respite towards the end of 2022, there is a renewed level of optimism enveloping the market so far this year" said Benham and Reeves.

A recent analysis from Benham and Reeves found that almost a third of all apartments in London boast a balcony, a feature that is often in high demand amongst buyers as it provides a valuable slice of outdoor space.

Benham & Reeves expects the cost of renting to climb by as much as 10 per cent this year, while others suggest an increase of between five to eight per cent.

London’s most up-and-coming neighbourhoods have seen house price increases of up to 64.5% over the last year, according to research by Benham and Reeves.

Marc von Grundherr, a director at Benham and Reeves, which has offices in Hong Kong and London, said both sets of buyers were competing for

Director Benham & Reeves comments "the regions outperformed London and the South East in 2022, with Liverpool and Nottingham winning the property price race with significant double-digit gains. That said, this only takes ­average house prices in these cities to well under £200,000 (RM1 million) and represents great value still.

Benham and Reeves says it wants the full amount of mortgage interest to be set against rental income before tax is calculated.

In an effort to help boost investment in the buy-to-let sector, a petition calling on the government to reverse its Section 24 tax changes for BTL landlords, which removed their ability to claim mortgage interest rate against their tax liability, was launched last month, supported by Benham & Reeves.

A high profile lettings agency has backed a petition demanding the reinstatement of tax relief for landlords. Benham and Reeves says it wants the full amount of mortgage interest to be set against rental income before tax is calculated.

Benham and Reeves claim that London’s most up and coming neighbourhoods have seen price increases up to 64.5%. House price increases of up to 64.5% in are driving a positive momentum shift for the capital’s struggling market.

Director of Benham and Reeves, Marc von Grundherr, comments: “For the last two years, many buyers have been borrowing beyond their means to offer above the odds and beat other buyers to the punch in what has been an extremely competitive market.

Benham and Reeves director Marc von Grundherr said "This is hardly surprising given that financing such princely purchases has become a lot more expensive in recent months"

Appetite for homes valued at £10m and over in the capital keeps getting stronger despite a drop in demand across the rest of the prime market, according to the latest Benham and Reeves.

Marc von Grundherr, director of Benham and Reeves comments “A further increase to interest rates will certainly spur a continued cooling in current property values but it’s extremely unlikely we will see the deep freeze that many may lead us to believe. At most, we can expect a five per cent drop during the first six months of the year, at which point stability will return and house prices will start to level out."

Marc von Grundherr, director of London lettings and estate agent Benham and Reeves, commented “A further increase to interest rates will certainly spur a continued cooling in current property values but it’s extremely unlikely we will see the deep freeze that many may lead us to believe. At most, we can expect a five per cent drop during the first six months of the year, at which point stability will return and house prices will start to level out."

Marc von Grundherr, Director of London lettings and estate agent, Benham and Reeves, commented: “A further increase to interest rates will certainly spur a continued cooling in current property values but it’s extremely unlikely we will see the deep freeze that many may lead us to believe.

Marc von Grundherr, director of Benham and Reeves, said: “This will be as welcomed by homeowners as the proverbial lump of coal on Christmas morning, with those on variable rate products now facing yet another immediate increase in their monthly mortgage payments. “With many households struggling to heat their homes in these arctic conditions, this will be the last thing they need in the run up to Christmas.”

Marc von Grundherr, director of Benham and Reeves, added: “There’s certainly no cold snap on the cards where interest rates are concerned with yet another substantial increase pushing the base rate to a 14 year high.

Marc von Grundherr (pictured), Director of Benham and Reeves, says: “There’s certainly no cold snap on the cards where interest rates are concerned with yet another substantial increase pushing the base rate to a 14-year high.

Marc von Grundherr, Director of Benham and Reeves, says: “The number of long-term vacant homes in England is quite extraordinary and fairly evenly spread across the country. The combined value of these homes is, of course, hard to ignore, but it’s more striking to consider what a waste of warmth and shelter they are at a time when so many are going to be sleeping rough this Christmas.

Billy Boyle from our property sales team in our Highgate branch tells us his favourite place to eat ...

Director of Benham and Reeves, Marc von Grundherr, comments: “Further market slowdown is to be expected as a consequence of recent political errors, ongoing economic uncertainty, and the cost of living crisis.

Director of London estate agency Benham and Reeves, Marc von Grundherr, said: “A gradual reduction in the rate of house price growth should be welcomed, as this will help the market steadily return to pre-pandemic norms rather than falling off a cliff edge.

Research by London lettings and estate agent, Benham and Reeves, analysed current market values in 30 postcodes that were once planned to benefit from a tube station of their very own, either by the London Underground or an earlier independent company, with the plans even gaining parliamentary approval.

Marc von Grundherr, director of Benham and Reeves, says: “Although today’s mortgage figures will bring no cause for celebration, they are certainly no cause for alarm either, and the decline seen is almost certainly a consequence of a disastrous mini-budget which still lingers in the air while the market seeks to navigate multiple challenges."

Marc von Grundherr, Benham and Reeves ... Commenting on the figures, Marc von Grundherr, director of estate agent Benham and Reeves, ...

Commenting on the figures, Marc von Grundherr, director of estate agent Benham and Reeves, said: “The decline seen is almost certainly a consequence of a disastrous mini-budget which still lingers in the air while the market seeks to navigate multiple challenges.

Director of Benham and Reeves, Marc von Grundherr, said: “Although today's mortgage figures will bring no cause for celebration, they are certainly no cause for alarm either, and the decline seen is almost certainly a consequence of a disastrous mini-budget which still lingers in the air while the market seeks to navigate multiple challenges but we must factor in seasonality too whereby mortgage applications always begin to reduce at the onset of winter..."

Marc von Grundherr, Director of Benham and Reeves, comments: “The property market has continued to weather the storm of late and while we may have seen a reduction in buyer demand due to higher mortgage rates, we’re simply not seeing any downward pressure applied to sold prices, despite a static rate of growth on a monthly basis.

Benham & Reeves are a London-based property company with more than 60 years' experience, providing advisory and full after-sales services for your ...

Marc von Grundherr, director of Benham and Reeves, has spoken out against the Autumn Budget provision which will see landlords’ Capital gains Tax allowance cut ...

London lettings and estate agent, Benham and Reeves, has called for EWS1 forms to be incorporated into the standard Fire Risk Assessment process, rather than remain a standalone examination.

Meanwhile Marc von Grundherr, director of estate agents Benham and Reeves, said: 'Homebuyers have been stretched to breaking point in recent weeks, not only by the rising cost of living, but also due to increasing mortgage costs.

Marc von Grundherr, director of estate agents Benham and Reeves, said: "“Homebuyers have been stretched to breaking point in recent weeks, not only by the rising cost of living, but also due to increasing mortgage costs.

Speaking about the effect of the end of Stamp Duty for already stretched homebuyers, director of Estate Agent Benham and Reeves, Marc von Grundherr, said: "Homebuyers have been stretched to breaking point in recent weeks, not only by the rising cost of living but also due to increasing mortgage costs.

London estate agent, Benham & Reeves, who are leading this call for a change in the process, believes that this will be far more efficient, helping to eradicate the delays that homebuyers and sellers are struggling with.

Marc von Grundherr, director of estate agent Benham and Reeves, said: “While we may have seen a reduction in buyer demand due to higher mortgage ...

However, according to research by London lettings and estate agent, Benham and Reeves, it’s homes close to sites of historical military significance that command the highest house price premium, coming in at 50.7% more expensive compared to the wider area in which they are located.

However, Marc von Grundherr, director of the London property company Benham and Reeves, rejected the projections as “negativity”. “In the London market where we’ve got 20 branches here and eight overseas, I have not had a single transaction where people have made an offer, they’ve heard the bad news about interest rates going up, and they’ve pulled out. Not one.”

The director of Benham and Reeves, Marc von Grundherr, commented: “Forget Halloween, it’s the Bank of England that has just delivered the fright of the year for the nation’s homebuyers with the biggest jump in interest rates in over three decades. This latest increase will also do little to revitalise the declining level of buyers entering the market, with many now finding they simply can’t afford the cost of borrowing compared to just a few short months ago.”

Marc von Grundherr, director of estate agent Benham and Reeves, said an increase will do “little to revitalise the declining level of buyers entering the market, with many now finding they simply can’t afford the cost of borrowing compared to just a few short months ago.”

Director of Benham and Reeves, Marc von Grundherr. "Those on variable rate products can expect to see an immediate increase in their monthly payments, while those coming to the end of their fixed term can be suitably worried about what’s to come when they do remortgage."