"If you are able to purchase your property in an ideal location for students, you are almost certain to benefit from high occupancy rates and strong yields."
Although the supply of accommodation for students has significantly increased over the last 3 years, the constant increase to student numbers means that the demand is always growing. Although the country is facing political uncertainty at the moment, there will always be the need for higher education, and so the numbers of students and the need for accommodation will remain unaffected by any issues with politics.
Therefore, investors should consider making a move in the student property investment market, as high demand and high returns offers a fantastic money making opportunity. As location is always a very important element to any property investment, we discuss some of the UK student property hotspots to help you find the perfect investment for you.
UK Student Property Hotspots
Manchester – With the highest student population in the UK, outside of London, Manchester is a student property hotspot that should be highly considered in any investment possibilities. The city has two world class universities that attract thousands of students each year, as well as fantastic investment opportunities that include high yields from a low initial outlay.
Manchester has been a very popular student property location for investors over recent years, yet the demand is only growing, and the city needs more investors to provide accommodation to its students. This is particularly highlighted by the fact that even the universities are facing problems in providing accommodation, so investors are sure to see periods of sustained rental growth.
Liverpool – This city has experienced, and is still experiencing, huge redevelopments to key areas, and as such has become a very popular place to live. There is no exception where students are concerned, with a large wave of students looking to attend university in Liverpool, causing investors to take advantage of the sudden need for accommodation.
2016 saw a 20% increase to the number of students from the year before, and this is only expected to continue in the coming years, providing more and more opportunities for investors. Other locations that can be considered as student property hotspots in the UK include Nottingham, London, Birmingham, Brighton, Bristol, Edinburgh, Exeter and Leeds, as many of these locations are seeing record numbers of student’s year on year.
This presents investors with fantastic opportunities, especially when combined with the high yields and high levels of occupancy, allowing investors to turn a strong profit from their investment. Student accommodation investing is a growing form of investment, and the increasing demand for the accommodation means that the market is only going to grow in the coming years, so if investors are able to find the right property in the right location, it is sure to be a profitable experience. For more information on investing in student property, please visit Hopwood House.