A Labour candidate in the picturesque town of Bracknell is going head-to-head with a local estate agency over what is best for the town’s property market.
Romans Estate Agents will be conducting a property investment show to be held at Easthampstead Conference Centre on August 24.
The UK property investment event will include mortgage and tax advisers, along with a portfolio of Romans’ investment properties, geared at encouraging more people to become buy-to-let UK property investors.
This is a good time to be hosting such an event as the property market in Bracknell has performed admirably in the past few years.
The average Bracknell house prices have increased by two per cent in the last year, and 38.92 per cent over the past five years.
Lettings Manager Michael Robson said: “If you are looking to make a sound investment, then becoming a buy-to-let landlord may be the solution.
“With exceptionally low mortgage rates and more people hoping to rent in Bracknell than ever before, we advise investors to purchase now before mortgage rates and property prices increase.”
Paul Bidwell, Labour’s candidate in the area, argued that more buy-to-let landlords is not what the town needs.
“The problem we have with prices artificially increasing with rental properties in Bracknell is that it is affordable for some but increasingly not affordable for all,” he said.
“With private landlords coming in to the town they are adding to the problem by buying up properties and then increasing the rents six months into a tenancy. This causes a risk of homelessness.
“It also increases prices. There are a large number of young people who are forced to live at home because housing is too expensive, which makes things like parking more of an issue.
“I would like to see an amount of property that is ring fenced, either as affordable or social housing.
“We need to make this a big issues otherwise Bracknell will be a commuter town only, with people with less money pushed further and further to the outskirts.”
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