Company Tag: Benham & Reeves
London’s prime property market shows ‘signs of a slow but steady return to health’ – but super-prime sales struggle
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.
‘We keep waiting for house prices to plateau, but it’s just not happening’
London estate agency Benham & Reeves expects house prices to rise by another 5% before the end of the year.
Ranked: London’s most active property markets
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.
£1mn+ home sales have jumped 93% in the last decade
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.
Surging tenant demand pushes London to ‘the most competitive rental market in recent history’
“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…
Demand for prime London property bounces back as top-end buyers return
"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.
Asking price to sold price gap shrinks
Average asking prices are rising at a slower pace than achieved sold prices, according to some analysis by London estate agency Benham and Reeves.
Planning Reform & Levelling Up: What is the government planning to do this year?
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.
Most Prime London homes are still being sold for less than their asking price
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.
Prime London buyer demand ‘stalls’
One in four prime London property listings has already found a buyer, down slightly compared to Q4 2021.
Spring Statement 2022: Property industry reactions
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.
‘A sure sign that the London market is on the up’: Overseas buyers back in action
International buyers owned c.£6bn more London property in 2021 than in 2020, according to some new analysis of Land Registry data.