Students 'pay more for rent'
Student accommodation is becoming an increasingly attractive investment vehicle for many UK landlords, it has been claimed.
Indeed, like-for-like rental growth reached 9.7 per cent between July 1st 2009 and November 18th 2009, according to UNITE group's latest interim management statement.
Commenting on the news, Nick Harvey-Jones, partner at Ingman Jones, said: "In London and in the UK as a whole, students are paying more. Students move in, they pay a deposit, there is no rent-free period, there is no incentive needed for them and therefore, as far as income goes, it is still growing and it is very stable compared to the commercial real estate world."
He added that landlords who do not specialise in student accommodation may currently be offering incentives to attract tenants, in news which may please people looking for flats to rent in Fulham or another part of the capital.
Mr Harvey-Jones added that housing firms liked the stability that student accommodation afforded.
Written by Charles Mackay
Published 23rd November, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
In London and across the UK, students are willing to pay more for rent, it has been asserted.