Company Tag: Benham & Reeves

One in six home-movers have changed plans as a result of recent mortgage market catastrophising, according to a London estate agency's latest survey, but the majority of buyers and sellers remain 'level…

Demand for £2mn+ homes in London continued to climb in Q3, according to analysis of property portal data, while a lower proportion of open-market £10mn+ properties are finding buyers than last year.

London estate agency Benham & Reeves expects house prices to rise by another 5% before the end of the year.

Croydon (CR0), Wandsworth (SW18) and Merton (SW19) are the most active London areas for home-buying activity, with each postcode seeing more than 60 homes sold each month.

Eight out of ten local authority areas in England and Wales have seen at least one £1mn+ property sale so far this year, up from only half in 2012.

“We have certainly seen the most competitive rental market in recent history over the past six months," declares Richard Davies, MD of Chestertons, while Benham and Reeves boss Marc von Grundherr warns "…

"We’ve seen a real mark of intent from high-end buyers" in prime London, says estate agency boss, as demand climbs after slow start to the year.

Average asking prices are rising at a slower pace than achieved sold prices, according to some analysis by London estate agency Benham and Reeves.

Last year's "radical" Planning Bill is long gone, replaced with watered-down reforms that promise local referenda on planning decisions and a few other tweaks.

Prime London vendors are accepting an average of 3.6% less than their asking price, according to research by Benham and Reeves - but discounts are getting less chunky as the market bounces back.

One in four prime London property listings has already found a buyer, down slightly compared to Q4 2021.

Our panel of buying agents, estate agents, housebuilders and architects weigh-in on the Chancellor's latest announcements, including cutting VAT on energy-efficient home improvements.