Student ‘digs’ offer a harsh lesson for investors
Should you buy purpose-built student accommodation? It sounds like the perfect investment.
For a relatively modest cash price you get a stake in the property market in a top university town and a guaranteed income – all without the hassle of having to manage a buy-to-let. That at least is the sales pitch.
University accommodation has changed beyond recognition in the past few years. Graduates in their 40s may remember slumming it in substandard digs, but today’s students have a much higher standard of living …