30 Jun

Students boost university town rental markets

Students boost university town rental markets

Students are boosting the housing markets in major university towns across the UK, according to a new study.

Propertyfinder.com noted that student towns such as Cambridge and Southampton dominated June's list of property hotspots for both buyers and renters, with 16 of the top 20 towns among those looking to rent also home to universities.

It stated that Cambridge was the most sought-after town property-wise, beating Oxford into second place "by a wide margin".

The website found that there has been a 25 per cent increase in the number of tenants looking for a rental property there in the last month alone.

Nicholas Leeming, director of propertyfinder.com, said: "This is the peak time for sorting out student accommodation. Landlords are looking for new properties and students are looking for somewhere to live."

According to Accommodation for Students, rental costs now account for more than 40 per cent of a student's weekly budget, which rises to 50 per cent for those living in London.

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