Different types of accommodation meet various student needs
Released on = August 31, 2007, 12:40 pm
Press Release Author = Jimwatson
Industry = Real Estate
Press Release Summary = Students are a key target market for the British buy-to-let investor with a residential property. Universities are most commonly located in cities and the city will often have a student suburb or indeed a university district.
Press Release Body = Students are a key target market for the British buy-to-let investor with a residential property. Universities are most commonly located in cities and the city will often have a student suburb or indeed a university district.
However, if an investor doesn\'t happen to have a property in his portfolio that is located in the student quarter, he need not worry. The wide variety of personalities and degree courses means that there is something for everyone property-wise.
As property broker Manchester Student Homes puts it, \"different types of accommodation meet various student needs\". First year students may be more keen on being right in the heart of things, surrounded by fellow students and never too far away from the next party.
For students in the later years of their course - or students in the later years of life, given an increasing trend for people to return to university - a property in a quieter suburb might be more preferable.
This is why a Manchester Student Homes spokesperson notes that a lot of students like the set-up of halls of residence, but there is a \"good mix\" of those who stay in halls and those who move out after their first year.
Cooper Healey remarked: \"We find that there is generally a pretty good mix for both. There are lots of students who have lived in hall environments in the first year who have liked that set-up, the fact that there are a lot of people living in one space, that there\'s often 24-hour security available and they tend to want to continue with that in the second year.
\"But there are plenty of students that have had enough of the institutionalised way of life and want to break out into something more independent.\"
She acknowledged that many students enjoy the fact that everything is laid on for them in halls, with no bills to worry about. However, she added that many students want to do things for themselves, \"to strike out into being independent and to think about how to set up a gas bill, so both of the accommodations meet various student needs\".
Last year, a survey undertaken by the National Union of Students found that the average weekly rent for students in 2006 to 2007 is £82, compared to £63 in 2003 to 2004. All in all, rents for student homes have increased by 37 per cent since 2001 to 2002.
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