Reeds Rains proves its resilience

Reeds Rains franchise
Reeds Rains Placing people

One of the UK's largest estate agencies

Published on

Reeds Rains maintains its success despite challenges faced by estate agents across the country.

House prices seem to be taking up much of the news recently, primarily due to their meteoric rise over the last few decades. However, some areas of the UK have actually seen house prices tumble in recent months, bucking the trend of constant rises that have plagued first time buyers across the UK. Its the job of estate agents such as Reeds Rain to ensure that buyers are getting the maximum value when selling their house, so the news could pose a challenge to the successful franchise.

According to YourMoves house price index, July 2018 actually became the fifth consecutive month to see property values fall in England and Wales. Some areas of London have been hit hard, with prices in the City down a huge 19.4% from last year and Hammersmith and Fulham dropping by almost 12%. Outside of the capital, the second worst affected area was Halton in the North West, where prices fell an average of 6.1% when compared with last year.

However, not all areas saw price drops, with West Berkshires prices rising by around 11.5%, Merseysides increasing by 2.5% and several areas in Wales are also benefitting from rising prices.

Reeds Rains Managing Director, Oliver Blake, commented on the price shifts, expressing his belief that the market is still strong despite any challenges it may face.
Whilst the market continues to be challenging, all regions and most local authorities continue to show house price growth, proving its resilience.

His belief in his franchise isnt misguided, as Reeds Rains has won 9 titles at The Sunday Times Estate Agency of the Year awards. Established in 1868, the estate and letting agents has survived through economic downturns, recessions and even two wars, so a slight dip in house prices isnt likely to phase any of its dedicated franchisees.

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

Quit your job to start a business? What you should know

Youve always wanted to run your own business, but you havent come up with that [...]


Pet franchises for animal lovers

If you're a real animal lover, chances are you've dreamt about starting up a pet-based [...]


How to choose the right franchise

Finding the right franchise may be one of the most challenging decisions in [...]


Summer Business Ideas

For many budding entrepreneurs, home-based franchises seem to be the best franchises [...]


Finding apprenticeships for your business

Hiring an apprentice is a costly way to fill a position, isnt it? Its much better [...]



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