Is student accommodation failing its investors?
Student pods (PBSA) – the latest buy-to-let vogue where investors buy a single room in a development – are failing to deliver double digit returns, according to The Mistoria Group.
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.
Developers are selling investors pods or studios that offer en-suite rooms in new modern city centre buildings, complete with gyms and cafés …