Company Tag: Benham & Reeves
‘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.
Ranked: Which overseas owners hold the most UK property?
Hong Kongers own the biggest property portfolios of any foreign nationals across England and Wales, according to some recent research - with an estimated £10.
London’s North-South divide closes as south-of-the-river property markets outperform
'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…
Hong Kong buyers ‘dominate’ overseas property ownership in England & Wales
A Freedom of Information request has revealed which nationalities are most active in the British property market.