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Demand for student lettings grows

Demand for student lettings grows

Category: Students

Updated: 21/08/2012
First Published: 21/08/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Demand for student rental accommodation is set to increase over the next few weeks as thousands of students prepare to spread their wings and leave home for the first time.

Many professional landlords see student lettings as a key investment choice and are bracing themselves for a busy and fruitful period ahead. Over three quarters of landlords have reported healthy demand so far from students.

Research from Paragon Mortgages has revealed that the majority of landlords feel confident about the student rental sector and believe that changes to student fees will not impact on the demand for student lets.

Over 70% of landlords said that they found student tenants good or excellent with paying rent on time, with more than half commending their tenants' behaviour.

John Heron, managing director of Paragon Mortgages, said: "The student rental market is one of the largest specialist components of the private rented sector.

"Landlords who let a proportion of their portfolio to students are feeling positive about the market and their experience of letting to students continues to be good. This is an area of the private rented sector which will continue to thrive as long as the demand for university places continues."

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