An influx the those returning to further education and training in light of the recent economic downturn, is being hailed as a great development for the rentals market by Belvoir Sheffield the leading letting agent in Sheffield.
In recent months, the city of Sheffield has become over run with mature students partly down to the lack of job security, but also down to the need for retraining. Resulting in both an increased demand for rentals close to the city centre, and a guaranteed source of regular income for the cities landlords.
Rick Flay, from Belvoir Sheffield, who offer houses to let in Sheffield, and flats in Sheffield, said, “The increase in students coming to the city of Sheffield is great for the buoyancy of the rentals market.
Climbing mortgage rates and ridiculously high deposit levels are resulting in increased numbers looking to rent until the property market finally stabilizes and as this demand increases so does expectation.
“The great thing about this sudden influx in mature students looking for accommodation, is that they are keen to rent out properties that are often left on the shelf by younger students who may be keen to rent only properties close to the local bars and clubs. This is not only great for the individual landlord but the overall economy in Sheffield.
This marked increase is backed by data released this month by UCAS (the University and College Admissions Service) who found that this year the number of mature students applying to university has increased by 13 per-cent.
The UCAS findings also demonstrated that there was also a nine per-cent rise in international (non EU) university applications, which is again great for the rentals market and the amount of tenants actively seeking accommodation.
Rick added, “Here at Belvoir Sheffield, we understand that starting university and moving to a brand new area can be extremely daunting, and this is certainly the case if you are a mature student. Any mature students looking for that property should certainly give us a call and we will be very happy offer them with sound yet practical advice. Alternatively our website at https://www.belvoir.co.uk/sheffield offers a wealth of information.
