Students endorse private housing model
The student property market has shifted significantly in recent years with students turning away from houses of multiple occupation (HMOs) towards purpose-built student accommodation (PBSA).This has resulted in investors having an increased appetite to invest in this sector, attracted by the high rental yields on offer.
The industry has been heralded as being one of the strongest property markets but there has been little concrete evidence about the popularity of PBSA to date since many of the developments have been under-construction. However, in a clear demonstration of where the sector is heading, leading student property provider Vita Student has announced that all 156 studio apartments available at its Portland House residence in Exeter have been reserved three months ahead of the 2014/2015 academic year …