lettings appletons on 08 Jan 2007 03:53 pm
Immigration Effect on the lettings market
Especially with the expansion of the European Union, whether the immigration is having any impact on the property market is a very popular discussion. Most experts argue that this is the case and they only dispute is how much.
Especially, in the Reading area we have seen an increased number of Polish tenants after the acceptance of Poland in to the EU. It is very likely that we will be seeing an increased numbers of tenants from Bulgaria and Romania in the upcoming months as well.
According to the Royal Institution of Chartered Surveyors (RICS), rents are rising at their fastest rate in 5-6 years, and landlords are trying to benefit from this by borrowing more than ever to buy new properties.
This is likely to boost the buy-to-let market in the Berkshire area.
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