Reeds Rains celebrates rising house prices

Reeds Rains franchise
Reeds Rains Placing people

One of the UK's largest estate agencies

Published on

Reeds Rains has commented on the positive increase in house prices last month after months of stagnation.

House prices were reported to have increased in the month of October, signalling positive growth for the housing industry.

With prices moving up an average of 0.4% on the previous month, the news of the increase in house prices was positive for those in the industry like estate agency and property franchise Reeds Rains. It was the first time since February that house prices had seen a monthly increase and the news will be welcomed by sellers and estate agencies everywhere.

Oliver Blake, managing director of Reeds Rains, said that the news was very promising for those looking to sell a house and managed to buck the recent trend of price drops.

"Whilst price growth has slowed considerably in England and Wales, the fact that there is a relatively strong economic backdrop, and there have been three consecutive months of growth, means its not all doom and gloom."

While not all areas were affected by the growth in housing prices, some areas including the North West are benefitting from a competitive market. When describing the situation in some parts of the UK, a finance company said:

The market is very competitive and it is definitely a sellers market. There is still a lack of property on the market and a good appetite from first time buyers and home movers. I have experienced clients buying at asking price and some clients going beyond asking price due to the number of interested parties in the same property."

One of the UKs oldest and most respected estate agencies, Reeds Rains has been in business for more than 150 years. With more than 170 branches across the country, its expert advisors are always close by to offer guidance on all property matters.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

Top 9 Dessert Franchises in the UK

As Brits, were famous for our love of cake especially when its washed down [...]


FOCUS ON BUSINESS SECTORS

Top 5 Halal Food Franchises in the UK

As the West becomes more and more culturally diverse year by year, the food market [...]


VARIOUS TOPICS TRENDS IN FRANCHISING

Q&A: Does Schmidt Kitchens Franchise in the UK?

Schmidt Kitchens strives to give its customers complete control in customising [...]


CHOOSING A FRANCHISE

Top 10 Home Care Franchises in the UK

For the elderly population, home care services make living at home till a later [...]


FOCUS ON BUSINESS SECTORS

10 Steps for Starting a Mobile Coffee Business

This article is your ultimate guide to capitalising on rising demand here in the [...]


FOCUS ON BUSINESS SECTORS

0 Comments

post a comment

The Comment will be public. If your are interested by this Franchise, please fill out your personnal details on the request information form.

Characters remaining: 250