University towns seen strong price rises
Property prices in university towns have increased by an average of
22 per cent over the past three years, according to new
Halifax conducted a study over 65 university towns across the UK
and concluded the average house price has increased from
£172,179 to £210,845 since 2014.
The top ten towns with the largest rise in prices were in southern
England, with the highest increases seen in Guildford - with a
In Scotland, the increases were less prominent, with Paisley
remaining the most affordable student town, with an average price
“While it is well documented that the student housing market
can be lucrative for private landlords receiving monthly rental
incomes, this research also indicates the potential earnings from
bricks and mortar alone,” said Russell Galley, managing
director of Halifax Community Bank.
“Over the last three years, parents who bought a property for
their child to live in while undertaking their studies, could have
seen an average gain of 22 per cent on the value of the property.
They may also have benefitted from rental income from housemates or
flat sharers,” he added.