Tag: Benham and Reeves
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Landlords Face 26 YEAR Wait to Recoup EPC Upgrade Costs!
New research shows it could take more than 26 YEARS for landlords to earn back the cost of eco-upgrades on their rental properties. The government wants all rental properties to have an Energy Performance Certificate (EPC) rating of C or above by 2030. This means landlords could be forced to shell out thousands of pounds…
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London’s Prime Homes Struggling to Find Buyers?
Fancy a flat in Kensington or a townhouse in Hampstead? You might be in luck. It seems wealthy buyers aren’t snapping up luxury London properties as quickly as they were. A new report by Benham and Reeves, the estate agents, shows demand for prime property in London has dipped this autumn. Their “Prime London Demand…
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London Second Homes are Worth £6 BILLION!
Fancy a second home in Kensington and Chelsea? You’ll need deep pockets – properties here are worth a staggering £6 billion! New research has revealed that London’s poshest neighbourhoods boast the most expensive second homes in the UK. Estate agent Benham and Reeves found Kensington and Chelsea’s second home market is worth a cool £6…
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London House Prices Slashed – Bag a Bargain in Your Borough!
Over a third of homes for sale in London have had their asking prices slashed – meaning big savings for buyers like you! Estate agent Benham and Reeves’ latest figures show 34% of London homes currently on the market have had a price reduction. Fancy a posh pad at a discount? Kensington and Chelsea tops…
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Two-Bed Terraces are Selling Fastest
Forget lengthy house chains, two-bedroom terraced houses are flying off the market in less than a month! According to property website Zoopla, these homes are in high demand, taking an average of just 27 days to sell. That’s almost a week quicker than the average house sale, which currently stands at 32 days. For six…
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Landlords Urged to Buy in Hot Rental Markets
Buy-to-let landlords are being told to ditch the spreadsheets and get their boots on the ground because property prices are soaring in areas with high rental demand. The latest market analysis from property experts Benham and Reeves shows that investors can make a killing by focusing on hot spots where tenants are desperate for a…
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London’s Luxury Property Market is Heating Up
Good news for sellers, as demand for prime property in the capital is on the rise. If you’re thinking of selling your luxury London pad, now could be the time! Demand for pricey properties in the capital is on the up, after a bit of a wobble earlier this year. According to the latest figures…
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London First-Time Buyers Hit 20-Year High
Good news for anyone dreaming of owning a home in London: first-time buyers are back in a big way! New research from estate agent Benham and Reeves shows that 181,000 people took their first step onto the property ladder in London during 2022/2023. That’s a massive jump of 24% compared to the previous year and…
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Airbnb Warning – Tax Changes & Empty Properties Could Leave Landlords Out of Pocket
Landlords, especially those running Airbnb and other short-let properties, are facing a double whammy: new tax rules and falling occupancy rates could leave them with less money in their pockets. Tax Trouble on the Horizon The government has axed tax breaks for Furnished Holiday Lettings (FHL) properties, meaning landlords will have to pay more tax…
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Boost on the Line – Crossrail Postcodes Outperforming London Property Market
The latest data from property consultancy Benham and Reeves offers a comprehensive look at how Crossrail has influenced property values. Surprisingly, while the broader London market faces a downturn, properties around Crossrail stations are experiencing growth. The report reveals some striking trends in the housing market near the 41 Crossrail stations. Here’s a breakdown of…