Faversham, a Kent town notorious for having independent traders, with a population of just 20,000 people, seems to be growing by the second with more and more chain businesses and housing estates being built each year.
Poundland, which is set to takeover M&Co in Preston Street and Home Bargains to replace Morrisons in North Lane, according to papers submitted to Swale Borough Council.
Nathan Ilife, director of Ilife & Ilife Estate Agents in Faversham, analysed the housing trends within the town and what this means for its population.
It is doubtful that if Faversham will lose what it is famous for and end up with little to no independent traders if these chain businesses continue to be built.
Vanessa Chandler, lettings agent at William Property Management, Faversham, explains whether these discount chains are the right move for this town.
Those discount chains seem to be having quite a positive reaction within Faversham even though this could mean the end for most of its independent traders.
Especially if the rate of new builds keep increasing, like the trends that have already been showing in previous years.
