IN DETAIL: UK PROPERTY
An Educated Investment Gone are the days of dilapidated student digs. Now they demand high quality rentals – and parents who buy-to-let are reaping the rewards from a growing market. – By Peter Grant
A
ccording to property investment company, Grant Property, buying properties for students in the UK is not only an attractive and safe investment, but the company predicts that the student buy-to-let market is set to skyrocket. There are over 2 million students in the UK, many from overseas and Asia in particular. The numbers are increasing every year and consequently the rental market is thriving. Parents are recognising the virtues of buying property for their student son or daughter to offset tax, save on rental outgoings and even generate an income from letting out spare rooms. But it is the institutional investors and overseas investors, attracted by the high rental yields and price growth, who are scooping up residential properties in their bid to capitalise on this flourishing market. Peter Grant, founder of Grant Property, which has been sourcing, refurbishing and managing traditional UK buy-to-let properties for clients around the world in over 22 years, says that there has been unprecedented interest in this market recently with Brexit having no detrimental effect on the attraction.
32
He said: “The UK student rental market is as safe as it gets. Occupancy levels are high and because the student market is less affected by economic or political events than other sectors, this provides stability for the investor. Uncertainty can certainly affect demand, but where some London properties dipped over the last
