Student property market has been resilient
13th Sep 2012
With tuition fees rising to £9,000 across many of England and Wales universities this year, there had been fears that landlords with property to rent would be seeing a downturn in the number of students looking for houses.
However, according to one expert, the UK property market in terms of catering for students has held up well, with there still being a far greater number of people applying for courses than there are available places.
Charlie Cunningham, chief executive officer of FreshStart Living, said that this means there is still a shortage of property, meaning that demand is high, and landlords can see good yields and profits as a result.
"In terms of letting to students the advantage that you have got is that you are letting out individual rooms rather than the house as a whole generally, so you can get a better return on your investment on that basis."
However, Mr Cunningham went on to say that the downside of student property is that it requires higher maintenance than other residential renting, and that there will be a far higher turnover of tenants than in any other area.
Landlords can help maximise their income by ensuring that they are purchasing property near to a campus and transport links, as well as making it look attractive and modern to appeal to students.
Posted by Staff Writer: Ewan Robertson
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