Student rental market 'ideal for landlords'
The National Landlords Association (NLA) has touted the benefits that buy-to-let investors can enjoy by focusing on the student rental market.
While The Young One's stereotype of student tenants being slovenly and destructive inevitably lingers in the mind of many landlords, NLA vice chairman John Socha said the reality is far more appealing.
He noted that the government is planning to open some 20 new university and college campuses across UK cities, which will prompt a virtually endless demand for short-term flat lets.
"For those landlords who specialise in students, this is good news," he asserted.
Mr Socha cautioned, however, that landlords must make adequate preparations for the uniquely cyclical nature of the student market.
"It's all-or-nothing," he said. "All the viewings are now; then after Easter it dies off as everybody goes home for summer; then you get another flurry in September for the ones who haven't got themselves sorted."
This time last year, the average rental cost for a student living in London was £102 per week.
Published 5th March, 2008
© 2008 Estates IT Limited
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The National Landlords Association (NLA) has touted the benefits that buy-to-let investors can enjoy by focusing on the student rental market.