Increase in students 'to boost buy-to-let market'

by Rachel Crook

Landlords in the UK will receive a boost from an eight per cent rise in applicants for full-time higher education courses, it has been claimed.

According to property management agency Belvoir Sheffield, new figures from the University and Colleges Admissions Service indicated that rising unemployment rates may be encouraging more people to take up courses.

Despite the credit crunch, the company's director Rick Flay predicted that landlords will benefit from an increase in the UK's student population.

"The number of students being able to afford mortgages, especially in the current economic climate, is very slim and that obviously leaves a lot of scope in the student rentals market," he stated.

Mr Flay added that landlords had the advantage with students of knowing that tenants will remain for at least one year.

In related buy-to-let news, the Times recently reported that a growing number of people are choosing to purchase their rented property from landlords.


Published on: July 3, 2009

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