Press & media coverage

Marc von Grundherr, Director of Benham and Reeves, said: “The London Marathon route is a perfect demonstration of the diversity of the London rental market. What this really shows is that London remains a market of huge choice, whether tenants are looking for affordability, riverside living, vibrant neighbourhoods or a prime central London address.”

Marc von Grundherr, director of Benham and Reeves: “The latest figures show that the UK housing market remains remarkably resilient, with house prices holding firm despite renewed pressure on mortgage affordability and wider economic uncertainty.

New research from London lettings and estate agent Benham and Reeves has used the London Marathon route as a lens on the capital's rental market, finding that average asking rents range from £1,500 to £6,000 per month across the 26.2-mile course.

Marc von Grundherr, director of Benham and Reeves, said: “The combination of heightened geopolitical uncertainty and the increase in mortgage rates has understandably caused some buyers to pause for thought, particularly across the higher end of the market where affordability is already stretched. However, what we’ve seen is not a collapse in confidence, but a more cautious and considered approach from both buyers and sellers.”

Marc von Grundherr, director of Benham and Reeves, said: "The combination of heightened geopolitical uncertainty and the increase in mortgage rates has understandably caused some buyers to pause for thought, particularly across the higher end of the market where affordability is already stretched.

Marc von Grundherr, director at Benham and Reeves, said: “The combination of heightened geopolitical uncertainty and the increase in mortgage rates has understandably caused some buyers to pause for thought.”

Marc von Grundherr, director of estate agent Benham and Reeves, which has an office in Dubai, rejected suggestions that the departure of influencers amounted to an exodus.

“The worst thing a landlord can do in the current market is nothing. Those who are prepared to adapt, refinance, reposition and manage their portfolio more actively are far more likely to come through the current pressures successfully,” said Marc von Grundherr, director of estate agency Benham and Reeves.

Q1 saw a slight increase in the proportion of open-market £2mn+ property listings that had already secured a buyer.

Benham & Reeves Hong Kong will host a launch event featuring property previews and a seminar on the Renters’ Rights Act ahead of its major rollout on 1 May. The seminar will be essential for prospective landlords and current owners seeking to understand the new regulatory landscape.