by Daniel Jones
Buy-to-let landlords should consider investing in student homes, according to a leading property commentator.
However investors should not expect immediate returns on their property but should succeed in the long term, says the research by Mouseprice.
A spokesman for Mouseprice said that student properties had performed well as investments over the last couple of years, but buyers needed to thoroughly research any area before making a bid.
"Before anybody invests in a student property they need to make some fairly careful investigations into the performance of the local market," he added.
Towns where a large number of halls of residence are being built are probably not a good place to set up tenancy agreements as private landlords will struggle to compete price wise, said the spokesman.
The average student rent has increased 18 per cent in the last four years to £61.64 a week, according to research conducted by Accommodation for Students in August.
Published on: October 1, 2008