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Marc von Grundherr, director of Benham and Reeves, added: “Not the Christmas cracker that many homebuyers were hoping for but not quite a lump of coal either and today’s hold on the base rate will do little to impact the current trajectory of the property market, particularly given the stamp duty deadline in place.”

Have London property values seen growth in 2024 or has there been a slowdown which will affect prices in 2025? How will the new Labour government's policies reshape the landscape for buyers and investors and what will the changes mean for overseas investors?

This groundbreaking bit of research comes courtesy of London lettings and estate agents Benham and Reeves. The firm analysed price paid data from the Land Registry, looking at the average sold price of homes so far this year, and how the price paid for homes with the number 13 compares to the rest of the market.

So, was the live-in landlord in this case permitted to be so picky about hot water and curfews? Sadly, as Director of London lettings and estate agent, Benham and Reeves Marc von Grundherr tells Metro, yes. ‘In terms of the rules imposed, these will be subject to the license agreement you signed but, as it is the landlord’s main residence, they can, in theory, set rules such as curfews or time restrictions on the use of hot water,’ Marc shares. ‘It would be a very different case if you were privately renting from the landlords and so whilst it might sound crazy, a live-in landlord is within their rights to manage their property differently.’

Chris Cooper, Associate Director at Hampstead Estate Agents Benham & Reeves, shares some insights on the current state of the local property market and how more homeowners are making Hampstead their forever home.

Director of Benham and Reeves, Marc von Grundherr, commented: “2024 has largely been a story of positivity where the property market is concerned and we’ve seen more buyers returning and house prices climbing steadily over the course of the year...

Director of Benham and Reeves, Marc von Grundherr, commented: "Of course, affordability remains an issue and many buyers are continuing to struggle with the high cost of securing a mortgage. However, what we are seeing is a measured return to health, driven by increasing buyer demand, which is very good news for sellers and the wider property market.”

Benham and Reeves director, Marc von Grundherr, was more enthused, describing it as “full speed ahead” following the Autumn Budget. It’s amazing what a little urgency can do and with stamp duty costs now set to increase from April next year, buyers are acting with a far greater degree of intent which is driving the market forward at pace,” he said.

Director of Benham and Reeves, Marc von Grundherr, commented: “It’s full speed ahead following the Autumn Budget, with the monthly rate of house price growth in November the largest seen so far this year.

The latest Property Market Index Review by London agency Benham and Reeves has revealed that house prices climbed by 0.9% in Q3 of this year. The agency compiles a quarterly accumulation of house price data from the top four existing indices, from Halifax and Nationwide, Rightmove and sold prices from the UK House Price Index.