Reeds Rains Property Blog

Property News from Reeds Rains

Combining traditional architecture and craftsmanship with modern space and style

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With the details - Lettings Manager Charlie Edwards from Reeds Rains in Waterlooville 

Reeds Rains is delighted to announce the eagerly awaited release of the first homes for sale at the new development in Yew Gardens Waterlooville within the sought-after Berewood community.

Lettings Manager Charlie Edwards for local estate agents Reeds Rains explains: “With recent reports showing the highest number of completed home sales in seven years, demand for property is increasing and we we are encouraging people to speak to us to find out how they can take advantage of the new opportunity which Yew Gardens presents. (*)

Yew Gardens Waterlooville within the Berewood community

Yew Gardens is close enough to Portsmouth and Southampton to enjoy all the facilities of the city, yet far enough away to enjoy the pleasures of semi-rural living, Waterlooville is more than just a suburb, it is the perfect blend of town and country life.

The collection of homes in Yew Gardens combines traditional architecture and craftsmanship with modern space and style.

Yew Gardens lies on the edge of the town, looking out over open countryside, with the huge South Downs National Park just a short drive away. Yet it is within walking distance of a major supermarket and the town centre.

 
Yew Gardens Waterlooville within the Berewood community

We are seeing lots of enquiries about purchasing property in this area and would encourage buyers to come and talk us to find out how we can help them to find the right property.”

To register your interest in one of the properties at Yew Gardens, please contact Reeds Rains Waterlooville, 226 London Road, Waterlooville, Portsmouth, PO7 7HP or call 02392 254321**

 

 Yew Gardens Waterlooville within the Berewood community

 

(*) LSL Property Services/Acadata – House Price Index - October 2014 

(**) Calls may and/or monitored for training and/or data protection purposes.

House Price Index - October 2014

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Property market shrugs off slowdown as sales surge 9% in October

  • Highest number of completed home sales in seven years – driven by an uplift in activity outside of London
  • House prices climb 0.7% (or £2,026) in a month, in response to demand
  • Prices fall at top end of London market, as prime central areas of the capital decouple from rest of country

David Newnes, director of Reeds Rains estate agents comments: “This increased level of house sale completions marks a considerable – though laborious – reflection of the increased buyer activity earlier in the year since the recession zapped the energy from the market. October saw the highest level of house sales completed in a month since November 2007. In part this was driven by a better throughput of sales that had sat in the pipeline for some time, finally coming through to completion.

“On a monthly basis, house price inflation has edged up from just a 0.3% increase in September, as we see some modest growth. Recent hiccups in the market have not shaken the overall underlying stability and the average UK homeowner has seen the value of their property rise £26,500 (or 10.5%) in the past year. Average house prices across England and Wales have reached a new record for the sixteenth successive month.

“Not only this, but activity is starting to shift towards areas where the recovery still requires support and attention. The biggest uplift in completions in Q3 2014 compared to Q3 2013 has been witnessed outside of London – completed house sales in both the West Midlands and East Midlands have risen 22%, while in London house sale completions are up by just 3% over the same period. In regions such as the North and East Anglia, which saw average house prices slump during September, further growth in activity is critical to warm up the local recovery. First-time buyers in particular need shielding from any future cooling interventions from the government or Bank of England.

“Zooming in on the regional footprints unearths a more complex path of growth. Only three regions saw house prices set peak highs. These were the South West, South East, and London – as the recovery continues to advance with a Southern-leaning slant. If we omit London and the South East from our calculations, a milder 5% annual change in property prices emerges.

“Yet at the very top end of the housing market in Prime Central areas of London, growth is subsiding. Average house prices across London overall rose by only 0.4% in September – the smallest monthly increase the capital has seen for 15 months as the pace of price inflation cools down from the summer heat. Property prices have dropped in 6 out of the 7 most expensive boroughs over the course of the last month, in exclusive sought-after enclaves such as Westminster, Richmond and Camden. But just as London bucks the country-wide trend, the city does not behave as one uniform entity. In lower-priced boroughs such as Lewisham and Haringey, prices have continued orderly progress in October.”

Read more about the House Price Index - October 2014 here

Reeds Rains - Dedicated and professional estate agents

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The team at the York office: (left to right) Back row - Lauren, Emma, Chloe, Estelle; Front row - John, Julie, Sue

Staff at Reeds Rains are a team of dedicated and professional estate agents who provide residential sales and lettings services.

Branch Manager John Wroot for Reeds Rains in York explains: “We’ve had a Reeds Rains office in York for many years and we’ve been able to help hundreds of customers during that time in selling, buying and renting houses.

The fact is that Reeds Rains has been established since 1868. In that time, it has grown to become one of the UK’s largest estate agencies, with an expanding network of branches covering England, Wales and Northern Ireland. We’ve never lost sight of the need for local expertise or moved away from our principles that building great relationships, being genuinely interested in our customers and getting the job done is the way to achieve success. And it’s this, that we think puts us in the perfect place to respond to the local market activity.

 York office

The York office has recently been updated with modern new furnishings, high tech LED displays to enhance the on-going display of properties and eye catching custom made wallpaper featuring the Millennium Bridge in York. All of which are popular with the residents in York.

Reeds Rains invest millions of pounds every year on marketing and advertising homes for sale. For most addresses we already have a list of buyers registered with us who are currently looking in this area. So, as soon as we have completed the property details, we can email and phone potential buyers with the view to achieve a quick sale.

At the same time we will put the property details on www.reedsrains.co.uk (which has over 100,000 visitors viewing it each week) and send them to the leading property websites: Rightmove, Zoopla and Zoopla’s 15 partners like the Daily Mail online and Mumsnet.

Overall we’ve managed to help many local buyers and sellers in the past and simply can’t wait to help even more in the future.”

To find out how Reeds Rains can help you successfully sell your property – simply contact the local team at Reeds Rains York, Queens House, York YO1 6JH or telephone them on 01904 655546(*)

York office

(*)Calls maybe recorded for training and/or monitoring purposes.

Tenant Arrears Tracker - November 2014

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Tenants rebuild finances as severe arrears recover 9% in a year

  • Number of tenants severely behind on rental payments has fallen by 9% over the last twelve months
  • Improvements mean an overwhelming 98.6% of private sector tenants now avoid significant rent arrears
  • Progress begins to be reflected in rate of evictions, as court orders drop by 16% in latest quarter
  • 65,200 UK households remain more than two months behind on rent, compared to 71,700 in Q3 2013

Tenants have rebuilt their financial position over the last year, with the total number facing serious rental arrears falling by a significant 9% over the last twelve months, according to the latest Tenant Arrears Tracker by estate agency chain Reeds Rains part of LSL Property Services PLC.

In absolute terms, those more than two months behind on their rent now number just 65,200.  This compares to 71,700 tenants at least two months in arrears in the same period last year, or an annual improvement of 6,500 households who no longer face the potential threat of losing their home.

As a proportion of all tenants, those in serious arrears of more than two months have also improved, standing at just 1.4% in Q3 2014, compared to 1.6% of all tenants in Q3 2013.  This means an overwhelming 98.6% of tenants in the private rented sector now avoid falling into significant rental arrears.

Improvements in the most serious rental arrears also tally with the latest figures on overall levels of late rent, including shorter lapses on payments. According to LSL’s latest Buy-to-Let Index, overall tenant arrears of any duration now stand at just 7.2% as of September 2014, down from 8.5% in September 2013.

David Newnes, director of estate agent Reeds Rains, comments: “The private rented sector has mustered enough new capacity to meet, in part, the growing demand for affordable housing, through the greatest economic depression in modern times. This isn’t just about those relatively prosperous households forced to put ownership plans temporarily on hold.  For many thousands of others, with far tougher monthly budgets, private tenancies have also provided a lifeline.  For many renting is now their chosen route as it provides flexibility and mobility.

“Gradual rent rises, on a par with inflation, have helped. But now a bigger turnaround appears to have happened.  For many years more momentary cases of rent arrears have been in decline, yet it’s only recently that the most serious cases – where families could actually lose their homes – are following suit.

“One explanation is the improving jobs market, with the improvement in unemployment constantly outperforming expectations.  Wages would however need to rise faster for most households to feel the full effects of economic recovery.  Reduced unemployment levels would seem to be far more beneficial for those households who are struggling the most.”

Head Office Charity Sky Dive

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Kate Knipe - Head of Human Resources

A team of 14 from Head Office has taken part in a charity sky dive to raise funds for Cancer Research UK. The team jumped out of the plane at 15,000ft.

Head of Human Resources Kate Knipe says: “I have done this to raise money to beat the hideous disease that is cancer.

Like many of us who have been touched in our lives by this dreadful disease, I lost one of the most amazing women I will ever know, my mum. One of the ladies that I work with has been given the awful news she has secondary liver cancer and our aim is to raise as much money as we can.

Thank you to everyone who has already made pledges of cash at regional meetings or who has given me their donation towards Cancer Research.

All donations made are going straight to Cancer Research and will add to the LSL Against Cancer target of £10,000.”


Ready to go - The view before the jump

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