Saturday, December 29, 2007
Another alleged “pillar” is about to disappear?
I was never convinced that immigrants were as important for BTL as suggested (many Britons have been leaving as well, this group could not afford to buy and most live many in one house) BUT it was nevertheless another factor. As most are economic migrants, many will go other parts of Europe now. I am sure many like London and English is an important country, HOWEVER, our economy is slowing to EU levels, Europe proper is closer AND the UK pound is weakening against e.g. the Polish zloty (this means it is better to work where payment is in a stronger currency (the Euro)). Another link giving details on the time line...http://www.wieninternational.at/en/node/2194 Many forces come together in April (capital gains tax triggers BTL sales?).