Investors spend £1.6bn on student property so far this year

Investors spend £1.6bn on student property so far this year

A massive £1.6 billion has been invested into the UK student accommodation market in the previous nine months, according to index figures from CBRE.

The lucrative sector has shown returns of 9.95 per cent in the 12 months to September 2013, as more investors acquire buy to let property with the student market in mind.

An influx of foreign students is believed to have helped make the market so stable as total UK education exports were worth £17.5 billion in 2011. Further government support for higher education in 2013 has led to more confidence in the student rental sector.

Jo Winchester, head of student housing advisory, CBRE, said: “International students spent over £10 billion on tuition and living expenses in 2011 / 12. We expect the number of international students in the UK will grow by 15 – 20 per cent over the next five years, as the demand for English-taught degrees continues to lure students from across the globe.”

She went onto add that this had led to high occupancy rates in student residences and stable income streams for landlords who rent exclusively to the market.ADNFCR-1222-ID-801668840-ADNFCR

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