Landlords 'should cash in' on student rental market

Posted: 27 May 2010 16:48:46 GMT

Buy-to-let landlords are being urged to tap into the student market to benefit from the amount of undergraduates wanting to rent property.

The Residential Landlords Association made the comment after a survey revealed nearly 90 per cent of Britain's students prefer to rent privately.

It added: "There is opportunity for those in the buy-to-let sector to tap into this important market … properties that can accommodate three or more students often enjoy the biggest share."

The study by AccomodationforStudents.com asked 1,100 undergraduates what the key factors were when deciding where to live and while 36 per cent prefer their home to be close to the university campus, 53 per cent said it was more important to live with their friends.

Simon Thompson, managing director for the site, believes that this is because sharing a property not only helps them settle in to independent life away from their parents but also lowers living costs.

According to the National Union of Students, the average student expenditure outside London for 2009-10 was £14,088.


© Houseladder Ltd