Estate agents buoyed up by upward prices
ACCORDING to the latest LSL Acadata House Price Index, annual house price growth in Greater Manchester has risen 6.2 per cent, which is an increase in the average house price from £157,960 in May 2014 to £167,691 in May 2015.
As a whole, the north west has seen an annual property price increase of 3.6 per cent according to the Reeds Rains House Price Index, June 2015.
Regional operations manager for local estate agents Reeds Rains, Steven Cooke said: “House price growth across England and Wales has faded in the past year, but looking month on month in June, home sales have soared 15 per cent. In the north west it’s encouraging that we’re seeing livelier activity where prices are starting to get back onto their feet.
“There are still some pockets where house prices are lower than 12 months ago. With wages recovering, and government schemes and initiatives to lean on, buyers’ purchasing power is stronger than it has been for a long while. As a result of this positivity, higher demand should place some upward pressure on prices in coming months, and keep the momentum of the market moving forward.
“Figures from My Home Life survey suggest 90 per cent of people start their searches for property online, so it is important for people to choose an agent that can provide a good online presence for their property.” Reeds Rains showcases all its property details on www. reedsrains.co.uk - which has more than 100,000 visitors viewing each week – and also on Rightmove and Zoopla, where 91pc of home buyers start their property search. Property listings are also sent to 15 partners including the Daily Mail online and Mumsnet.
Steven said: “Reeds Rains combines wide spread online exposure together with the traditional services of a high street agent.
“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 relationships, being genuinely interested in our customers and getting the job done is the way to achieve success.
“It’s this sort of service that we think puts us in the perfect place to respond to local market activity.
“Today thousands of homeowners around the UK trust Reeds Rains to sell their homes. Reeds Rains invests heavily each year in marketing and advertising homes.
“For most addresses we already have a list of buyers registered who are currently looking in that specific area. As soon as we have completed the property details, we can email and phone potential buyers with the view to achieving a quick sale.
“We are encouraging sellers to take advantage of the growing strength in the property market here in the north west. Reeds Rains currently has a range of properties available for first-time buyers, people looking to move up the property ladder, or investors.
“We would encourage sellers to visit their local branch to find out more.”
●● The Reeds Rains Macclesfield team