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Landlords Advised To Offer Something Different To First Year Students
Buy-to-let investors looking to expand their portfolios may want to consider more "boutique" properties for the student market.
For landlords hoping to boost their student lets, opportunities can be found closer to university campuses, according to Savills.
The real estate firm claims offering an alternative to the "institutional product" offered by universities can be advantageous.
Marcus Roberts, director of student investment and development at Savills, explained that first-year undergraduates may opt for "something that is more boutique, closer in to university campuses and provides all the mod cons and more importantly provides high quality Internet connections".
Students' reliance on technology makes a good Internet connection very important, he added.
Regional student housing offers some "untapped areas" for buy-to-let property owners, which is good news for those hoping to add some new rental homes to their stock.
Research from Knight Frank recently revealed that landlords with rental properties in university cities are making good returns, as average rents rose by 4.1 per cent in the year ending December 2010.
With the new term beginning in September, start searching for your ideal student properties today.
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Notes for Editors:
Article date: 6/9/2011 12:00:00 AM