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Interest rate cut immediately boosts housing market activity
- Property market updates
- 03.09.24
- Benham and Reeves
There’s good news for the housing market this month, following the recent Bank of England 0.25% interest rate cut to 5% – the first reduction in four years. This has immediately boosted demand, creating real momentum in the market, and as a result, we should see increasing buyer activity in the autumn.
It now takes longer than ever to complete on a London home purchase
- Property market updates
- 09.08.24
- Benham and Reeves
The average time it takes to buy or sell a house in the UK, from acceptance of a buyer’s offer to legal completion of the deal, has increased by 26% in the last five years. According to recent figures published by Rightmove, it now takes an averge of 149 days to sell a property up …
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Housing market remains steady after general election
- Property market updates
- 30.07.24
- Benham and Reeves
The housing market remained steady throughout the General Election campaign, as most homebuyers forged ahead with their plans, driven by their own individual circ*mstances, particularly employment prospects, the economy and overall affordability, rather than politics. Now, the priority is an interest rate cut to boost confidence and demand. Commentators suggest this will be within the …
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UK housing market remains steady as inflation reaches target and interest rate cut looks likely soon
- Property market updates
- 02.07.24
- Benham and Reeves
UK inflation fell to 2% in May, reaching the Bank of England’s target for the first time in almost three years. And while the Bank of England voted to keep interest rates at 5.25% earlier in June, an interest rate cut looks likely soon, possibly in August. In fact, former Chancellor Jeremy Hunt recently said …
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Tories vs Labour: Who has the better manifesto for property buyers?
- Property market updates
- 19.06.24
- Benham and Reeves
London’s thriving property market, which is often viewed as a reflection of the UK’s stable economy, is driven by sound policymaking and good leadership. On the 4th of July, political parties across the country will contest once again to get their respective government in office and have released their election manifestos to woo voters. Analysis …
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London property update – May 2024
- Property market updates
- 31.05.24
- Benham and Reeves
Housing market activity is picking up as buyers show increasing confidence in the UK economy and inflationary pressures continue to ease. Pent-up demand from homebuyers is driving much of this increasing activity, as many resume plans that they put on hold last year due to economic uncertainty.
Transformation of London’s iconic Battersea Power Station
- Property market updates
- 20.05.24
- Benham and Reeves
Embarking on a journey through time and innovation, London’s Battersea Power Station on the South bank of the Thames has emerged as a regeneration marvel from its coal-fired past. The Grade II listed power station building takes centre stage as it features all the latest additions of the 21st century while still retaining its classic …
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Invest in one of West London’s fastest-growing neighbourhoods at the exclusive launch of Royal Gateway
- Property market updates
- 15.05.24
- Benham and Reeves
Situated in the heart of a mega-regeneration scheme worth £26bn, Royal Gateway is a brand-new development by Barratt London in the sought-after North Acton area of Ealing, West London. Just 11 minutes away from Bond Street in central London via a nearby Elizabeth Line station
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How to negotiate a house price in the UK
- Property market updates
- 13.05.24
- Benham and Reeves
Now that you’ve found the perfect property that meets your needs, wants and budget, it’s time to make the next move and lock in the selling price. This is a crucial stage in the deal as both parties are looking out for maximum value. As a buyer, you’ll want to acquire a rewarding investment at …
Property market picking up as we move into the busy Spring season
- Property market updates
- 25.04.24
- Benham and Reeves
The UK received further welcome economic news this month, as inflation fell again, dropping to 3.2% in March. Inflation has been slowly falling since late 2022, when it peaked at 11.1%.
Confidence in the UK property market continues to increase
- Property market updates
- 29.03.24
- Benham and Reeves
Positive economic news continues to boost confidence amongst UK property buyers. Market stability is improving noticeably now that interest rates have remained steady since September. And as new mortgage deals at lower interest rates become available, we are seeing more enquiries from buyers, more offers being made and a greater level of activity in the market than for some months.
Transport is king: Surge in demand for properties close to a station in London
- Property market updates
- 11.03.24
- Benham and Reeves
How far are Londoners willing to travel to reach their offices? This question is most relevant to working professionals when picking a neighbourhood and home in the UK capital. With the average commute to central London and the City, where most of the city’s businesses have set base, taking anything between 45 minutes to an …
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