News: Strong Market Predictions for Student Landlords in 2020
The student market for rental landlords continues to be a promising sector.
Year after year new students arrive, fresh faced and with cars full of IKEA duvets and Tesco pans, ready to begin the years-long uphill climb towards their degrees.
In key University cities all over the country, there is continued strong demand for student lets – and research shows this isn’t slowing down.
New statistics from UK Real Estate Advisors JLL, 2019 was the second-highest achieving year in the student market on record. It reached a grand total of £5.2bn.
This success is projected to continue in 2020, and beyond, making the student sector a promising prospect for prospective landlords.
It’s predicted that there will be approximately 500,000 full-time students getting on the student housing merry-go-round before 2030, so demand from tenants will be in no short supply.
Simon Scott, Lead Director, UK Living Capital Markets, JLL
For an investor looking to buy a property with a view to let to students, the key aspects you should look for in a property are:
- Multiple bedrooms
- Proximity to campus(es)
- Local amenities such as university gym/supermarkets/pubs
- Good travel links – especially bus routes
- Parking spaces – especially if your property is a bit further out
And if you’re put off my term dates potentially bringing down the months you can achieve rental returns in, don’t be!
If you buy in a university city which is also a popular tourist hotspot, such as Edinburgh, London or Bath – you could rake in even more returns by renting out the property as an AirBnB during the summer months.
For properties like Edinburgh, which sees thousands flock to its Fringe Festival each year, you could stand to make a pretty penny all year round.
Interested in breaking into the student market? Call our experienced brokers to see what we can do for you:
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