As investment in student accommodation reached £2.7 billion in 2012 – a 125 per cent increase on figures from 2011, Rick Flay, director at Belvoir Sheffield, the leading lettings agency in Sheffield has echoed the reports , claiming that investment in Sheffield is also at an all time high.
The new research from CBRE revealed that despite an overall decline in the number of students, investment in accommodation has risen rapidly over the last three years.
Rick Flay, whose agency on Campo Lanein Sheffield specialises in houses to let Sheffield, said: “It is reported that the development of new student housing has not kept pace with the growth in student numbers. Rents for purpose built accommodation are expected to grow annually in most university cities and this is great for the residential investor.”
Jo Winchester, Head of Student Advisory, CBRE, earlier this week said: “Although the number of student applications and acceptances fell in 2012, capital committed to the sector has grown dramatically over the last 12 months. Our latest 2012 data shows that student housing is outperforming other asset classes by some margin, as it has delivered 9.6 per cent total returns in 2012.
Rick the expert in student lettings services in Sheffield, added: “If you are looking to buy a property in Sheffield, we recommend you talk to us first as you could get seven to ten per-cent plus yield on student suitable properties. We can help you with i information on where to buy and on the price you should expect to pay. Talking to us can save you thousands.”
“As an investment, student accommodation is relatively low risk and provides a secure income, so get in touch with us about making the most of your investment.”
Belvoir Lettings Sheffield is the One Stop Specialists for Lettings including Property Management, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Buy To Let Mortgages.
