London university accommodation scarce

by Daniel Jones

Landlords may find they can establish plenty of tenancy agreements around London's universities, as there is currently a lack of property supply, an expert has revealed.

Liam Bailey, head of residential research at Knight Frank, explained that London is a popular destination for overseas students, putting further strain on the rental market.

"University accommodation in London is very, very undersupplied. Investing in and around the London universities has been classed as being quite an attractive option for a lot of investors," he continued.

Mr Bailey also recommended buying student property around other big university cities such as Cambridge, Manchester and Oxford, where demand is also high.

Savills reported earlier this month that prospects for student housing as an asset class are polarising between first class and third class locations.

It noted that investors and developers will have to consider combining academic prospects and market prospects at a highly localised level.

Published on: September 8, 2011

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