There are great opportunities for those entering the student property market, one expert has noted, pointing out that despite tuition fee increases, demand is unlikely to fall. Jonathan Moore, director of Easyroommate, stated: "If done correctly, investing in student accommodation can be one of the most lucrative forms of property investment." He explained that with average UK rents for students currently standing at £325 per month, a multi-occupancy building can generate substantial returns.
Mr Moore does not believe that the introduction of higher tuition fees in September 2012 will be detrimental for the student accommodation sector, adding that investors may want to build up a portfolio of properties in university towns. He pointed out that this offers an alternative to halls provided by educational establishments and could be seen as a better option among students looking to reduce their living costs.
Acquisitions manager at Freshstartliving Stuart Cook recently asserted that those travelling from overseas to study in the UK will help buoy the market for student housing. He pointed out that tuition fee increases will not affect this group, as they already pay considerably more for their higher education than British students.
- Thursday 29 September 2011