The London buy-to-let rental market 2018 – The year in review

Demand for rental properties in London has exceeded all expectations in 2018 and has been strong across the market, steadily growing throughout the year as more applicants than ever look for new homes.  In fact, Q3 was the most successful in our history and we concluded a record number of new tenancies across our 16 …

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Rental market update Q3 2018 – Busiest quarter in Benham & Reeves Lettings history

Busiest quarter in Benham & Reeves Lettings history for rental transactions but landlords should be mindful of flattening rents.

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Hampstead rentals market out of the doldrums

Above average early autumn enquiries have brought a much-needed boost to the Hampstead lettings market which has seen rents flatten in the last 12 months reports local agent Benham and Reeves Residential Lettings.

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Benham & Reeves Residential Lettings appoints new head of China Desk

Ann Moir has joined Benham and Reeves as the new Head of its China Desk. The appointment is part of the company’s continuing expansion in China and London, as it broadens its range of property services to Chinese investors in the UK and overseas. Anita Mehra, Managing Director says the company needed more Chinese staff …

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Make sure your letting agent belongs to a valid redress scheme

Landlords may have heard about the imminent phasing out of ‘Ombudsman Services’, which after August 6th 2018 will no longer provide dispute resolution services to companies working in the property industry.

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Rental market update Q2 2018 – Neutral market is no cause for concern

Q2’s heat map reflects a neutral market; many postcodes are showing little or no rental increases, with some showing rental decreases. The market is buoyant with an increase in the number of tenants however, rents haven’t seen increases in places like Zone 2 to 3 because of the amount of choice people have. With this …

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London lettings agent questions the government’s push for longer term tenancies

A London letting agent with a 60 year history is questioning the government’s push to establish three year tenancies for private tenants, proposals which have been outlined in its new consultation document. Marc von Grundherr, Lettings Director of Benham and Reeves Residential Lettings, argues that the proposals fail to address the requirements of the UK’s …

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Rental Market Update- Q1 2018

The latest heat map for this quarter (Q1 2018) reflects the challenges the current market is facing. Most rental value increases are relatively minor, between 0-2%; only seven areas are experiencing moderate rental value increases of 2-4% and no areas are witnessing rental value increases of more than 4%. Most areas are showing either steady …

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Benham & Reeves sales & lettings to re-unite under one roof

Leading independent lettings agent, Benham & Reeves Residential Lettings, has acquired the rights to use the full Benham & Reeves name for sales alongside its existing lettings business. The two companies have shared the Benham & Reeves name for the last 60 years but have operated entirely separately after the two sides of the company …

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London rental market holds up well in 2017

The London rental market has proved resilient in 2017, and despite a year of economic and political uncertainties, demand from tenants remained strong. We saw tenancy volumes up by 19.7% on 2016 and enquiry levels up 16.5%. Several factors contributed to this robust performance, as Lettings Director Marc von Grundherr explains: “Our figures show our …

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2017 Budget unlikely to impact rental market in short or long term

For landlords and property investors in London the latest UK government Budget delivered on 22 November 2017 presents a “no change” position, with little significant impact on the market says Benham & Reeves Residential Lettings, an agent with sixteen branches in the Capital. “It is pleasing to see more appropriate targeted measures for dealing with …

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Rental yield stabilising

The latest research from Benham & Reeves Residential Lettings shows some areas of the London rental market are experiencing rental yield increases of between 2% and 4%. Marylebone, Paddington, Whitechapel, London Dock, Wapping and Brentford seem to be benefiting from being along the Crossrail route (Elizabeth Line). Property portal Rightmove reported an average 3.3% rise …

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