1 Apr

Student towns 'a strong choice'

Student towns 'a strong choice'

Opportunities are available for investors in student towns and cities but such landlords must be aware of the negatives, BuyAssociation has said.

A location highlighted by the company was Cambridge because it has both a wealth of students and other industries, such as those in the hi-tech sector.

Student properties are also a good idea, claimed property editor at the organisation Paul Collins, because they are empty in the summer, when repairs can be undertaken.

However, yields on these properties could be hit as "students aren't the most affluent people", he noted, while maintenance will be crucial.

But generally, such options should be considered, Mr Collins remarked, because of the flexibility involved.

"You have the advantage that the property is only going to be occupied for nine months of the year. You have that summer period where it is going to be empty, so you can do repairs or lease it out," he commented.

Knight Frank has in recent times suggested that "attractive" growth possibilities are available in the student market.ADNFCR-1222-ID-18532060-ADNFCR

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