25 Aug

Landlords of student accommodation 'see rents rise'

Landlords of student accommodation 'see rents rise'

Landlords with properties to rent in university towns will be interested to hear that prices are rising in these areas disproportionately to other places in the country.

Last week, Lloyds TSB revealed that more and more first-year students are choosing to live in private rental properties than in university halls.

This, it showed, had an effect on the house prices in the region, boosting growth in more than 60 per cent of university towns in Britain.

National Union of Students president Aaron Porter stated that young people were being affected by the "significant increase in the cost of living and escalating rent prices".

Earlier this month, accommodationforstudents.com reported that there was a sharp rise in the price of rents during 2010.

It revealed that the average property cost for students per week rose by 4.3 per cent during the year from £62.61 to £65.30.

This is significant news for landlords with properties to rent in the UK as the rental increase was just 1.6 per cent between 2008 and 2009 and 1.7 per cent the year. ADNFCR-1222-ID-800039535-ADNFCR

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