Wednesday, Jul 25, 2007
Cheap labour drying up?
Financial Times: Germany looks east as skills shortage bites
"Germany’s ban on workers from new European Union member states, imposed at the time of EU enlargement in May 2004, may be eased next year, a labour ministry spokeswoman said on Wednesday."
Landlord - looks like your Polish tenants are going home, Germanys only next door and it holds much better economic prospects than the UK. Oh the property is much, much cheaper than the UK, rent is kept low by law and house prices haven't risen in real terms since I was last there when the wall fell down. Want some more!! Well interest rates are lower, its got good hospitals and schools and the streets aren't full of chavs and naive property developer's.
Posted by cheeky charlie @ 10:24 PM (176 views) Add Comment
1 Comment
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1. sovietuk said...
It's not only Germany where foreign workers will be selecting in preference to the UK. There are many other EU members soon lifting their restrictions on the free flow of labour. This combined with rapidly rising living standards in most East European countries will choke off the flow to the UK. Most European demographic predictions paint a picture of significant falling poplulations across most of Europe over the next 50 years
(ref) - http://en.wikipedia.org/wiki/Demographics_of_the_European_Union
Not good news for anybody thinking of making an income from just letting property.