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Thursday, February 27, 2014

Net migration soars increasing rental demand

Latest figures from the Office of National Statistics show a sharp increase in net UK migration.

In the year period ending Sept 2013, the figure climbed to 212,000. A rise of 58,000 on the previous 12 month period.

The sharp increase was largely due to migrants from the European Union, with many arriving from France, Spain, Italy and Poland.

Net migration remains far higher than the Governments proposed 'tens of thousand' target and tallied with the forecast shortfalls of new build property will only continue to add to upward pressure on rent and property values in the medium term.

However, property investors should not underestimate either political will, or global economic meltdowns to impact negatively in the longer term.

“Study the past if you would define the future.” ― Confucius

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