Cities with the most PRS student lets

Cities with the most PRS student lets

9:20 AM, 7th July 2022, About a month ago 4

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New research reveals the UK cities with the most student housing investments made by private landlords.  Student housing tends to offer greater yields due to the cheaper purchase prices and higher rent prices. This means that student housing can still be a good investment even if the property market dips more generally.

The study by money.co.uk analysed the number of dwellings in each UK region in comparison to the total number of dwellings occupied by students.

The UK regions with the most student housing investment by private landlords

Rank Local Authority Region Total Properties Student Properties Student Properties (%)
1 Exeter South West 59,329 6,479 10.92%
2 Nottingham East Midlands 142,675 15,422 10.81%
3 Newcastle upon Tyne North East 136,635 10,470 7.66%
4 Oxford South East 62,490 4,569 7.31%
5 Leicester East Midlands 142,003 10,233 7.21%
6 Canterbury South East 69,376 4,095 5.90%
7 Cambridge East of England 58,993 3,028 5.13%
8 York Yorkshire & the Humber 92,114 4,578 4.97%
9 Sheffield Yorkshire & the Humber 255,248 12,330 4.83%
10 Southampton South East 109,902 5,182 4.72%

The English local authority where student property makes up the biggest share of the total property market is Exeter. Here over one in ten properties are occupied by students. The high proportion of students living here means that Exeter is potentially a very lucrative market when it comes to student property investment.

Second is the city of Nottingham, which has a large student population of over 60,000, with 10.81% of properties occupied by students. Nottingham has the highest concentration of higher education providers in the East Midlands, home to three different universities: the University of Nottingham, Nottingham Trent University and the Nottingham campus of the University of Law.

Third place, albeit some way behind second, goes to Newcastle upon Tyne, where 7.66% of properties are occupied by students.



Comments

Mick Roberts View Profile

9:36 AM, 9th July 2022, About a month ago

I'd like someone with more knowledge to correct me please.
I read years ago, in Nottingham 1/3 of these students stay in the city after their course. Is this true does anyone know?
Cause I've always said, they then buy or rent near where they know, which then pushes the non student renters or buyers a few further miles out which then pushes the rents & house values of houses up in them town's.
Which is bad news for renters & first time buyers. Yes students do bring in more money, buying stuff, shops, taxes etc. But makes worse the local people. Bit like the Councils saying Landlords buying holiday lets then excludes the local buyers & renters.

Cause I've got many houses where I've paid 14k 16k 19k etc. And they all 140k now. I do think this student thing is contributing to house price growth elsewhere in the city.

Happy to be corrected.

Ooh by the way, the Nottingham Labour Council are giving permission right left & centre for all these new student blocks going up-Great for economy. Bad for renters & buyers. Great for Greedy rich Landlords like me-But it shun't be about me should it.

Monty Bodkin

9:49 AM, 9th July 2022, About a month ago

Aint you got google in Nottingham yet Mick?

https://www.whatuni.com/advice/news/graduate-retention-best-uk-cities/82588/

"The study has revealed that over a third (36%) of students stayed and worked in their city of study. "

What it doesn't say is how many came from their Uni city originally.

David

10:07 AM, 9th July 2022, About a month ago

I guess that will change if the white paper in its current form becomes law.

Mick Roberts View Profile

10:19 AM, 9th July 2022, About a month ago

Reply to the comment left by Monty Bodkin at 09/07/2022 - 09:49
Ha ha Brilliant Monty. Thanks for that.
So I did read right then & it's in me memory bank somewhere.

Yes that's a good point, how many was actually from Nottingham anyway. I guess not loads, cause it amazes me how many of me tenants kids choose to study in another city with extra costs & rent all that

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