After a property boom of a few years, Reading's housing market is slowing down. However, this does mean that houses can be purchased at a lower cost, which can work in the buyer's favour.
Whether expats are looking to rent or buy property in Reading, they are sure to have a lot of options, but it’s also important to note that rental prices remain fairly expensive.
Types of accommodation in Reading
There are many different types of housing in Reading, including houses, bungalows, apartments, maisonettes and studios. Expats looking for more spacious accommodation will usually find it in the form of old Victorian villas. New developments of the edge of town add to the variety of options available to those looking for family homes. New apartment complexes are popping up in the city centre and these are particularly popular with young professionals and couples.
Finding accommodation in Reading
Most people relocating to Reading will find that their employer will help them in their search for a home, but for those who need to do this on their own, the best place to start is to approach an estate agent. These professionals will have an intimate knowledge of Reading’s market and can alert clients to properties that haven’t been advertised publically. Local newspapers are also useful sources of information and there are usually plenty of listings on internet property portals.
Signing a lease in Reading
Lease agreements are typically signed on a six-month or one-year basis, with the option to renew. Tenants may also be required to pay up to six weeks’ rent as a security deposit and will need to supply references from employers and previous landlords.
Utilities in Reading
Rental contracts vary, so expats need to be careful and know exactly what’s covered in the cost of their rent. Additional costs such as council tax, gas and electricity, water, phone line and broadband rental can cause monthly expenses to shoot up.