Want 10pc? Try student housing investment
For many, the prospect of a new school term will mean cashing in their savings. But for niche buy-to-let investors, September means a new set of student tenants and a steady monthly income.
Rents increased for the sixth consecutive month in July, up to an average price of £705 – £29 more than this time last year.
It’s likely that rents for students will remain high, predicted David Newnes of LSL Property Services, which conducted the survey. “Demand from thousands of frustrated buyers each month underpins buoyant competition for rental homes, enabling landlords to increase prices,” he said …