While the gloom and doom of the credit crunch continues to threaten the global economy, it seems that landlords in the UK are benefiting as a result. Research from the University and Colleges Admissions Service (UCAS) has found that in 2008, there was an 8 per-cent increase in the number of people applying for full-time higher education courses.
One possible explanation for this boost is perhaps the fact that the unemployment rate in the UK is now at 2.26 million, the highest it has been in over a decade, with experts predicting this will exceed three million by the end of next year.
However, this translating into more students is good news for landlords across the UK, as Rick Flay, Director of the leading property management agency Belvoir Sheffield, says, “The number of students being able to afford mortgages, especially in the current economic climate, is very slim and that obviously leaves a lot of scope in the student rentals market. These university admissions figures are therefore very promising for landlords in Sheffield, particularly as we have two universities in the city. I think one of the other key benefits landlords gain from the student market is that, on the whole, landlords know that their tenants will stay in the property for at least a year.”
Rick, from the company which also offers houses to let in Sheffield,apartments in Sheffield and studios in Sheffield, added, “With the constant influx of students, this particular area of letting is always hot in demand. Here at Belvoir Sheffield, we offer practical advice and solutions to landlords, so whether you already have student tenants, are looking to invest in this market or are a first time landlord, we encourage you to give us a call.”
You can also visit the the website: https://www.belvoir.co.uk/sheffield , where you can find all the latest news, hot properties and wealth management solutions. You can also follow the company on Twitter: http://twitter.com/belvoirsheffiel
