20 Aug

University students 'begin to fill buy-to-let properties'

University students 'begin to fill buy-to-let properties'

Students who received their A-Level results yesterday (August 19th 2010) are starting to fill up buy-to-let properties around the UK as they accept their university places.

According to research from Lloyds TSB, more first-years students are opting for shared housing over staying in halls, which has boosted the buy-to-let market in university towns.

It revealed that over the last five years, 60 per cent of towns with universities in them across Britain have seen house value growth greater than in other areas of the country.

This comes as good news to homeowners, as the price of all houses for sale in these areas has shot up.

The mortgage provider stated that in Aberdeen, which is home to more than 29,300 students, house values rose by 40 per cent as its student population grew by 54 per cent.

Housing economist at Lloyds TSB Nitesh Patel said: "Growing student numbers have had a big impact in boosting housing prices in university towns."

The "boost in demand" could also make a significant difference to landlords after 300,000 students in England, Wales and Northern Ireland received their grades yesterday.ADNFCR-1222-ID-800034301-ADNFCR

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