Growth in Student Lets
September will see the new university and college terms begin and with it increased demand for student rental accommodation.
As thousands of students prepare to leave home and begin a new chapter in their lives, the take-up on rental property in August is set to rise.
Many professional landlords view student lettings as an important investment choice and look forward to seeing their properties fill-up at this time of the year. Feedback from landlords confirms that they are preparing themselves for a profitable period ahead.
Research from a mortgage company reported this week that over three quarters of landlords have experienced healthy demand from students so far, this August.
The statistics have revealed that the majority of landlords also feel confident about the student rental sector. It was feared that the introduction of student fees would impact the rental market and landlords expressed a worry that many more students might stay at home. However, it seems that changes to student fees will not impact on the demand for student lets.
In the same study, over 70% of landlords said that they found student tenants good or excellent with paying rent on time, with more than half commending their tenants' behaviour.
Landlords with a student focussed portfolio are obviously feeling positive about the future and they seem confident that the market will remain strong. As long as the demand for university places remains healthy then student tenants appear to give landlords good value.
The student rental market is one of the largest specialist components of the private rented sector.
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