Student property market still performing strongly
24th Sep 2012
There had been a fear that a year in which university admissions were forecast to drop, that landlords with rental homes aimed at students would be facing particularly difficult times.
However, a new report published by Knight Knox, an estate agent based in Manchester, has shown that this is not the case.
It had been thought that the number of people applying to universities would be dropping by seven per cent this year. This forecast was based on the fact that this will be the first year that many institutions charge students £9,000 per year in tuition fees.
However, Knight Knox said that universities had taken this into account and lowered the number of high grades needed for some courses to keep courses oversubscribed.
In turn, this means that demand for quality student properties has also remained high.
Martin Copeland, sales director at Knight Knox International, said: "The demand for high quality, private student property has not abated. Today's students are definitely more commercially aware than ever before and expect a higher quality of accommodation for their money."
Knight Knox said that in the past year it had seen selling out of a number of its properties designed as rental homes for students as those who were heading to university helped keep this market resilient for landlords.
Posted by Staff Writer: Robin Stenson
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