10 Dec

Buy to let landlords 'should consider properties near campuses'

Buy to let landlords 'should consider properties near campuses'

Buy to let investors should consider properties near universities to capitalise on strong demand for rental accommodation from students, it has been claimed.

By opting for student properties, landlords can help to ensure a good return at a time when certain sectors of the housing market are showing signs of slowing down, according to property investment specialists Assetz.

Moreover, the yields are such that mortgages can be paid off with let to student tenants much faster than is the case in other sectors, Stuart Law, chief executive of Assetz said.

He explained: "Student property has such high income that you can often repay a mortgage within 20 years, making it one of the most lucrative investment opportunities in the current market.

"Student numbers have significantly increased over recent years, yet the majority of university campuses are not able to keep up with demand."

Student homes provide landlords with rental yields of between six per cent and 7.5 per cent in the first year, according to Assetz' research.

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