29th Sep '08 - Student Homes Are Good Investments
Posted on Monday, September 29th, 2008 at 11:14am
Buying student accommodation can be a wise investment although potential landlords should do their research, a property expert says.
University houses have proved to be worth paying for over the past few years, claims a spokesman for property website Mouseprice, and looking into secured loans could be one way of financing student accommodation.
"The idea of investing in a student property is, in a mass-market sense, a relatively new phenomenon," he says.
However, the local market needs to be investigated and people should not expect an immediate capital gain, he adds.
Prices of houses in 23 university towns have risen more than 50 per cent in the last five years, according to the Halifax in August, which may interest those of you considering secured loans to pay for student property.
The south-east has the most expensive accommodation, the survey reveals, with Guilford topping the lost with average house prices of £363,503.
And Hull was the cheapest of nine towns with an average house price of under £150,000, with an average property worth £124,108.
People looking to buy property in a university town to let out to students could consider financing the enterprise with secured loans.
University houses have proved to be worth paying for over the past few years, claims a spokesman for property website Mouseprice, and looking into secured loans could be one way of financing student accommodation.
"The idea of investing in a student property is, in a mass-market sense, a relatively new phenomenon," he says.
However, the local market needs to be investigated and people should not expect an immediate capital gain, he adds.
Prices of houses in 23 university towns have risen more than 50 per cent in the last five years, according to the Halifax in August, which may interest those of you considering secured loans to pay for student property.
The south-east has the most expensive accommodation, the survey reveals, with Guilford topping the lost with average house prices of £363,503.
And Hull was the cheapest of nine towns with an average house price of under £150,000, with an average property worth £124,108.
People looking to buy property in a university town to let out to students could consider financing the enterprise with secured loans.
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