Company Tag: Benham & Reeves
Buyer demand ‘stalls’ across Prime London
'Momentum seems to have stalled' at the top-end of London's property market, says Benham and Reeves after checking Rightmove data - suggesting 'it’s likely that this trend could continue with the removal o…
Ranked: London’s busiest property markets in 2023
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…
Ranked: The London boroughs bucking the downward property price trend
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...
London sees slight rise in super-prime property listings
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.'
‘Stubborn sellers rewarded’ as gap between asking and sold prices narrows
'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…
‘Cooler market conditions could be on the turn’ in prime London as buyer demand rises
Estate agency flags an increase in top-end buyer demand across the capital through Q4.
Which property types have bucked the trend in prime London this year?
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.
‘It’s clear that London is being driven by the £1mn+ market at present’
There are 19,116 properties currently listed for sale across London for at least £1mn - representing 19% of total market stock.
More than one in five London homes sold in 2023 went above £1mn
17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.
Buyer demand slips in prime London
Benham and Reeves highlights a much cooler property market in the capital, although there were several bright spots of prime buying activity in Q3.
Buy-to-let rental incomes increase despite shrinking portfolios
"We would suggest landlords think twice before offloading," says estate agency boss, as rising rents "more than offset" increased costs...
‘The gap between seller expectation & market reality is likely to widen further,’ warns London agent
"It seems we have a market of cautious buyers coming up against optimistic sellers, and the gap in their expectations is widening," says a London estate agency after analysing four property market indices