Student landlords 'should consider admissions figures'
by Sarah Ashcroft
Landlords who are considering branching out into student accommodation
have been urged to be smart amid worries the market could be in trouble due to lower university admissions in 2013.
Nationwide proprietor services firm Landlord Assist has advised prospective property owners to keep an eye on the number of people applying for further education places following the release of data that highlighted a six per cent drop in submissions.
With less than a month to go before the deadline, statistics from the Universities and Colleges Admissions Service (UCAS) revealed there were 265,784 university applications by candidates across the UK up to December 17th.
The sum represented a 6.3 per cent decline when compared to the same period of 2011, which could signal a difficult time ahead for landlords looking to rent out their properties to those at university during term time.
It also highlighted the second consecutive year that student applications have fallen, after an 8.7 per cent decline over all courses in 2012.
The dwindling submissions for places at university have emerged as a result of rising tuition fees, as some institutions are now charging as much as £9,000 per year for selected courses.
Graham Kinnear, managing director at Landlord Assist, has voiced his concerns that if fewer people continue into further education, tenant demand will be affected in some student towns.
He explained: "A continuing trend of reduced student numbers is worrying news for student landlords in university towns who, over the years, have been able to anticipate full occupancy levels for the academic year.
"If university applications continue to drop at the current rate this could ultimately lead to some landlords having empty properties on their hands."
Last year, Landlord Assist issued a similar warning that the buy-to-let student sector could be damaged due to rising tuition fees, as many youngsters explore alternative options as they search for their ideal career.
Published on: January 9, 2013
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