by James Fraser
12:58 PM, 7th September 2016, About 6 years ago 13
I’m doing a major refurbishment at the moment on a house tenanted by a new Polish tenant. His family will be joining him from Poland soon, when the works are done.
Today I asked him why he/Polish people found Britain so attractive. Why would he pay a supposedly ‘extortionate’ rent in the UK on a low paid job? (I’ve asked this of other such tenants before).
He told me that unless you live in Warsaw or Kraków, which are expensive places for Poles but better paid, that eeking out a living elsewhere is very difficult. A typical manual job where he is from, in East Poland, would earn about £400/month, but typical rents would be nearly all of that (£350 or more) plus bills, food, clothing etc making life very difficult. He told me that rents here – at 35-50% of even average wages – are much more manageable and give a better quality of life. He loves my 3-bed at £850 a month – and indeed its new s24 rent of £1,000 a month from April – as he says there is no possible way he and his family could live so well in Poland.
He thinks it’s great value and much cheaper than back home!
Maybe this is something we should all add to our knowledge bank, especially when everyone’s screaming about ‘extortionate’ rents.
Even HPC admit that rents are good value compared to asset prices so we should make more of this.
Please share this article far and wide. Pro-landlord media is very much lacking, the Property118 community can help fix that by sharing articles like this. Let’s start educating the British public ourselves rather than letting the anti-landlord brigade have things all their own way for a change.
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