16:30 PM, 16th March 2016, About 5 years ago 1
The first quarter of 2016 has seen a surge in investors buying student property in order to beat the imminent stamp duty changes.
Investors have been rushing to complete their student property purchase by the end of this month to avoid the 3% stamp duty surcharge which will become applicable for second homes.
Research by the Mistoria Group has revealed that sales of student property in the North West has leapt by over 30% between January and March 2016 when compared with the first quarter of 2015.
More than 50% of student property investors are from the South, a third are overseas investors and 20% are from the Midlands and the North.
A spokesperson for Discount Landlord said: “Student property is attractive because it can offer good annual yields, low void periods and can be an easy to manage investment. However, landlords must be aware of what student tenants want.”
The top three most important factors and desires by students are safe and secure accommodation (89%), a good internet connection (88%) and a washing machine (76%).
These were closely followed by being close to a university campus (72%), high quality accommodation (59%) and being close to amenities (47%).
“If landlords are able to provide the right type of property, they will be able to attract a lucrative tenant type with high occupancy,” the spokesperson added.
Many universities are also anticipating an increase in enrollment over the coming years as a result of the removal of the cap on student numbers. This is driving demand for more high quality yet affordable student accommodation.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleBudget 2016 - Landlord reactions
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|