Students have already started looking for accommodation away from the residential halls provided by universities and this trend is only likely to continue with the introduction of higher tuition fees. This is according to Jonathan Moore, director of HomesForStudents.co.uk, who stated that students can save up to nine per cent by looking to the private rented sector.
"With higher fees kicking in next year, we expect demand for private accommodation to increase considerably, as savvy parents and students alike look to save money on costs and opt for more affordable flat shares," he commented. Mr Moore added that this could particularly be the case in London, where the greatest savings can be achieved by turning to private landlords. As a result, investors may be more inclined to consider the student accommodation market as a viable part of their real estate portfolios - especially in the capital.
Last month, managing director of Ideal Property Stephen Dyer stressed the importance of location when buying any property in London, noting that proximity to tube stations is one thing to look out for. He also recommended avoiding lower ground floor properties and blocks of flats that do not have lifts.
- Tuesday 02 August 2011