Reeds Rains encourages buyers to take the plunge

Reeds Rains has been encouraging hesitant buyers to invest in property as house prices remain stable.

Estate agency franchise Reeds Rains has been letting its customers know that now could be the ideal time to buy a home, as house prices rose only slightly over the last 12 months. Across the UK as a whole, house prices rose by around 1.8% in the last 12 months, despite a difficult few months for the estate agency industry which has seen prices take a dip in some areas.

According to the latest property index from Your Move, every region in the UK showed annual price rises for houses, but it stayed well below the CPI rate of inflation of 2.3%. However, Reeds Rains is predicting that this could entice more buyers and sellers into the market, meaning an increase in business for the estate agency franchise.

Oliver Blake, MD of Reeds Rains and its sister company Your Move, commented on the market. He said:

“The slower market should help ease the affordability challenge faced by many buyers. Even in London, where an average increase was recorded over the month, homes in most boroughs are significantly cheaper in real terms than they were this time last year.”

2018 has seen less property transactions than in previous years, but its hoped the stabilisation of the market will prompt more people to take the plunge and jump into the world of home-ownership.

Established in 1868, Reeds Rains is one of the UK’s oldest estate agencies, meaning all of its franchisees are backed by 150 years of expertise and knowledge. With more than 170 locations across the country, its friendly and experience staff will make the process of buying or selling a home simple thanks to their indepth local knowledge.