Sales: 01992 711222
Lettings: 01992 763131

News & Updates

We at Rainbow Estate Agents make an active effort to update and inform our customers with weekly updates surrounding the housing market and current affairs involving housing. This is in the aims to always provide a wholly transparent conversation to give our customers the best service avaliable.

Welcome to the first Rainbow Roundup. We’ll be recapping office news and recent key property industry news. We’ll also be featuring a ‘property of the week’

Office news:
We are thrilled to announce that there will be a Rainbow baby coming soon, please join us in congratulating Xani!

Recent property industry news:

The Negotiator reports an increase in empty homes across England (…/)
Rainbow says: “Interestingly, England is seeing the highest number of empty homes since 2012. While these statistics can be worrying, it can also mean that we have an increase in chain-free homes available to us.”

Independent reports Brexit as a major drag on the housing market (…/brexit-uk-house-prices-fall…)
Rainbow says: “it seems as though all news points to Brexit! Unsurprisingly, Brexit caused uncertainty which can lead to a hesitant market. However, with interest rates at an all-time/ long-time low, it’s the perfect time to buy a property and lock in a low rate. If you have the deposit available it’s a much cheaper month on month option to own your own property.”

LandlordToday reports an increase in rents as the tenant fee ban approaches (…/rents-increase-as-tenant-…)
Rainbow says: “Unfortunately the fee ban will cause a ripple effect into the rental market, increasing rental prices. However, as tenants are benefitting from reduced fees, the increased rental prices are unlikely to have a negative effect on renters.”

Property of the week:
We are excited to exclusively bring to market this fantastic town centre development, featuring a gym and gated parking. These 1 and 2 bed properties will be popular, so please do get in contact to be alerted when they are ready for viewing!

We are thrilled to announce that we have won GOLD for Letting Agents (as voted by tenants) in the South East (Essex and Kent).

We are honoured to have received such a prestigious award recognising excellency in our field. #

To see the video, follow this link:

  • The number of sales agreed at this time of year is the second highest for ten years, only slightly lower than the high of May 2014
  • However, spring price momentum stalls as price of property coming to market drops by 0.4% (-£1,172), the first fall in June since 2009 at the height of the credit crunch, and the first fall this year
  • Some markets struggling against headwinds, whilst others still have tailwind despite uncertainty:
  • Northern markets motoring ahead with an 11% increase in sales agreed year-on-year, compared to only a 3% increase in the South
  • First-time buyer sector sees newly-listed prices surge 3.5% month-on-month and 5.5% year on year

What does this mean for you?

The market is still starting to slow down due to the season changes as spring tends to prompt more sales as people seek a new change for the new year. This is expected. However as aforementioned, there is a 3% raise in house prices in the south, so no need to worry about the decrease in housing prices.

The slight decrease in new listing prices of 0.4% could be attributed to extra competition as spring prompts moving and doesn't suggest an overall steady decline in new listing prices,