Property investors and landlords urged to target student towns
Published: 06-Oct-2008
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Properties in student towns continue to represent a sound opportunity for investors, new figures have shown.
According to data from the Halifax University Town House Price Review out of the 64 student towns surveyed 35 averaged higher house prices than those in neighbouring areas.
Halifax calculated that the average price premium that an owner of property in a university town could expect compared to the county average was £20,335, with the most marked price increase noted in Belfast where prices have risen by 105 per cent over the last five years.
Martin Ellis, chief economist at Halifax, commented: "The majority of the university towns we have surveyed have an average house price higher than the average for their county."
The survey also revealed that the average rent paid by students across the UK is £96 per week for private rented accommodation, ranging from£64 in Northern Ireland to £116 in Greater London.
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