Going to wear my heart on my sleeve here and say that I think that the EU is good for local landlords, consequently good for me as a letting agent and also for the wider UK.
So why is that?
Economic Stability
Providing economic stability allowing companies to grow and invest. I don’t think europe is perfect and we are out performing the continental markets. Like landlords thinking of a property purchase, business and investment thrives on certainties which the EU is set to deliver by comparison to unknown alternatives.
Longer term I see unfettered access to the world’s largest market as a key benefit of EU membership. And our area has benefitted heaviliy from this.
Heathrow / European Head Offices
Hillingdon Borough is more likely to benefit from European trade being so close to one of our major ports, Heathrow.
We also benefit from many local European Head Offices which provide many high quality jobs such as those found in and around Uxbridge, Heathrow and of couse Stockley Park. Could we benefit from more of these in future? I think this is likely with continued EU membership.
I accept however that Britain could trade successfully as an independent country. We have some amazingly talented people in this country!
And are we going to be better off if we can attract high quality people to the UK?
Movement of People
Free movement of people brings demand from tenants for property. Be they people working locally or commuting in to London.
This both works in helping to allow people to rent out their home as they go and work in Belgium for a few years for example or for tenants from Europe working in the UK wanting to rent property here.
If we left trade would not cease and we would form new trading partnerships but there would be uncertainty.
Legislation
I find that most of the legislation that causes consternation for Landlords is from Parliament. Such as recentl changes to Section 21 notices and deposit protection legislation which originates in this Scepter’d Isle, as does changes in SDLT and taxation of mortgage interest.
The EU does not by any means have a monopoly on poor legislation.
If you as a landlord think the other way I would be happy to hear the counter argument.
