Emma Coffey on the top 5 property hotspots for smart investors right now
There are around 2.3 million students in the UK. Yet figures suggest that there is only enough student accommodation to house 26% of them. As a result, more and more investors are turning their attention towards the student market, which remains a very profitable choice despite the turbulent state of the property market in general.
Here are five of the country’s most promising student property hotspots, according to our property expert Emma…
The University has plans to increase the student population by 30% by 2024 and the local economy is booming, outpacing Liverpool and Manchester. 19,500 students are left to make other decisions as only 17.6% of Bradford’s students have a dedicated student apartment.
Huddersfield is rated as the best in the UK for international students therefore future occupancy is a dead cert.However, there is a student accommodation deficit of 76.5% with only 4.608 purpose built rooms for 19.620 students.
With £190 million invested in Leicester’s University campuses, demand for student accommodation in the city means there is a ratio of 6.4 students to every dedicated room.
Loughborough is consistently the most popular first choice for prospective UK students, the appeal of this Top 10 university ensures high demand in a critically undersupplied city.
Stoke boasts the UK’s 2nd fastest growing economy outside London over the last five years. With 22,700 students across two universities chasing just 4,799 student units, there is a huge undersupply of 79%.
If you are buying your first buy-to-let property or adding to your portfolio, it is always worth enlisting the expertise of an experienced property solicitor to ensure everything runs smoothly. Goldsmith Williams has more than 30 years’ experience in property law!
Content correct at time of publication