Student housingStudent letting is booming as a huge demand for rooms outstrips the supply in many towns and cities.
www.studenthousing.co.uk, 26 Jan 2010
In the current academic year, 2.4 million students enrolled in universities through UCAS, the clearing house that handles student applications for higher education – a 34% increase over 10 ten years.
Demand has pushed up rents and fewer voids giving a gross return on investment of 7% – 10% depending where in the UK a student house is run, according to property firm Assetz.
Benefits of investing in the student property include:
* Rents are often higher for student properties than a comparable buy-to-let in the same city.
* Student numbers are set to continue to rise in coming years – especially in London, Manchester, Leeds and Sheffield.
* Property is let for is tenanted for almost all of the year and landlords know seven months in advance if a property is prelet for the next academic year.
Stuart Law, Assetz chief executive, said: “Student property can be a low risk, high yielding and hands-off investment, making it ideal for those who are looking for a safe home for their hard-earned cash.
