Great property opportunities in Reading

Steve Peters offers plenty of food for thought to the entrepreneurs of this region. Director of a thriving consultancy that solicits properties in Reading, UK, Mr. Peters’s agency caters for that constituency of Irish people that heeds the pessimism peddled by RTE’s George Lee but which is nevertheless anxious to invest in property.   Owner of a thriving auctioneering business in Reading for fifteen years, eighteen months ago Mr. Peters and his family moved to his wife’s home town of Lanesboro and quickly established a business in what is a very lucrative niche in the Irish property industry.      Operating from an office at his home in Lanesboro, Mr. Peters acts as an agent for investors seeking to buy houses in the burgeoning English city. With six trains per hour negotiating the 23-minuute journey from Reading train station to Paddington, London, Reading train station is the biggest and busiest train station outside of London in the UK. Just 30 minutes from Heathrow airport, the relative strength of the English rental sector ensures that Steve is busy every day. ‘My wife is from Lanesboro and we moved over here 18 months ago. I was fortunate to have enjoyed success in the auctioneering business in Reading for nearly two decades before I left the city. Reading is a remarkable city: it’s just twenty minutes from London by train and has a population of fully 450,000 people. The city has a very large university, two polytechnics, and is home for many of the European offices of some of the world’s large IT and financial services sector companies. Sisco, Worldcom and Credentials are just three of the major companies in Reading. ‘We were lucky to turn over fifty houses monthly in Reading. When I moved over here I grasped that Irish people are interested in investing in property but fear that the Irish property sector will not yield sufficient profit in the coming years. A house in this part of the world that costs 250,000 yields c.7/800 euro monthly; in Reading a similar investment will yield 1,100/1,200 monthly. Investors do not have to incur furnishing costs; generally such costs negate three years profit in Ireland,’ says Mr. Peters, who notes that English stamp duty, standing at just 1% is proving to be highly attractive to Irish investors. Glenn Hoddle, Terry Wogan, Gary Lineker, Uri Geller, Chris Tarrant and Ricky Gervais are some of the more famous residents of a town that boasts a Premiership soccer team with strong Irish connections. Kevin Doyle, Stephen Hunt, and Shane Long were in the vanguard of Reading’s charge to the top half of the Premiership this season in what constitutes a remarkable success story. Owned by John Madjeski, Steve reflects that the club’s remarkable success has invigorated the city in every sense in recent months. If you are interested by the prospect of investing in property in Reading, don’t hesitate to contact Steve Peters at 086-8212732.