Fall in University Applications won’t Affect Landlords

14 February 2012 Categories: News

UCAS, the institution that handles all applications for university places in the UK, has reported a 7% fall in the number of UK students applying for courses due to start in September 2012. The cause of the fall is thought to be the proposed increase in university fees due to take place this year.

Thankfully though there is nothing to worry about for landlords who specialise in student accommodation, as the number of students looking for private rental properties still outstrips the availability in the vast majority of university towns and cities.  In fact, according to the Unite Group, who are leading developers of student accommodation, the rental yields for student-specific property is anywhere from 5% to 7% depending on location.

And if this assurance isn’t enough for worried landlords there is the additional news from UCAS that applications from oversees students has risen yet again, by an impressive 13.7%.

A spokesman for Unite said “based on our current reservations for 2012/13, which are in line with the same point in 2011, we remain confident of achieving rental growth of 3-4 percent for the year.” So even with decreasing numbers of UK applications and the current economic climate the student sector is still one of the most resilient for buy to let landlords.