Posted on

Increasing Sales in the Salford Area, Driven by the Increasing Success of Salford University attracting Worldwide Talent and Development

Salford’s popularity as one of the most cutting edge cities of the North West continues with yet another year of growth coming to its world-class university…

Every year, Salford welcomes the brightest and most diverse range of students who have chosen its university as their number one choice to study for a number of years. 2015 is no exception, and Mistoria Estate Agents have been able to report on the positive trends that are following the thriving city’s student culture in the residential sales sector. There are increasing sales in the Salford area with many students, graduates and families seeking to join the modern urban lifestyle that can’t be found elsewhere in the UK today.

What makes Salford buyers first choice? 

Salford isn’t just home to an additional 20,000 students in 2015. It’s also attracting families, businesses and as a result major investment. This investment can be enjoyed by all, as it’s essential infrastructure such as transport links – making the city accessible to all, keeping down traffic and congestion as well as offering residential occupants great ways to get about with variety from public transport networks to private transport facilities such as modern carparks with 24/7 security and lighting or rail connections offering fast, efficient services to all over the country. Salford has also attracted a wealth of former London offices and operations such as the BBC Media City at Salford Quays and many other TV network studios showing that large companies have seen the potential in Salford in recent times. Responsible for residential sales too are the great amenities Salford offers its tenants. The Trafford Centre is one of the UKs leading shopping destinations and is located very close to Salford granting world class shopping opportunities at their doorsteps. These are just a few of the biggest attractions students, families and businesses are coming to Salford for, and it’s been driving down the average price of family home down too as any estate agency in Salford is all but too aware of the situation!

How is this affecting the average price of family home?

The average price of family home in Salford is becoming more affordable as many developers and estate agency Salford such as the leaders at Mistoria Estate Agents are realising that they can offer more affordable and attractive accommodation to all of the groups that are flocking to Salford right now. All of the development by businesses and investment in Salford University is bringing an abundance of opportunity for students to learn and enjoy the city as well as long term prosperity to families who want to live the modern urban lifestyle. Residential sales in Salford are through the roof! The population is now approximately 230,000 and continues to grow due to increasing numbers of business employees seeking a second home and often attracting their families too. Why not find out for yourself what Salford can offer you.  With so much of the population contributing to its success as a residential haven offering the amenities of a world-class city nearby, you can’t afford to miss the latest opportunities from Mistoria Estate Agents. Why not check out the latest property offerings now online and contact one of our advisors who are expertly trained and experienced in the Salford area in aid of serving you and addressing all of your questions on this unmissable city.

Posted on

Impact on Salford Property Market with 20,000 Students Attending Salford University in 2015

The rising popularity of Salford University is having a significant impact upon the local area. As an increasing number of students choose to attend the university, there has been an understandable increase in demand for accommodation, particularly in those areas that are closest to the main campus.  The construction of the new building at MediaCityUK, which forms part of the College of Arts and Social Sciences, has also had an impact, with many students competing with media professionals for sought after accommodation in close proximity to the media complex.

High demand for accommodation

The level of demand for flats, apartments and houses is such that student accommodation doesn’t tend to stay on the market for long. Those who are seeking accommodation in the perfect location need to keep checking the Mistoria Estate Agents website. It should also be a priority to ensure that you are readily available, as viewing property quickly will enhance your chances of securing the ideal place. Finding properties is made easier by the Google-driven maps application on the Mistoria Estate Agents website, which allows you to search in specific areas of Salford. You can identify locations of interest and then browse relevant properties.

Searching for properties close to Castle Irwell

The self-catered halls of residence at the university have limited rooms available, which explains why so many students are competing for places within private accommodation. Many students do, however, like to be located close to the halls and those who opt to live close to the Castle Irwell Student Village are able to take advantage of the free bus service, with buses being provided every 30 minutes. There is also the opportunity to make use of the extensive sports facilities, while the concentration of students in this area has led to a proliferation of local shops and takeaways.

Key factors when making a decision

Location is clearly going to be central to your requirements. Most students tend to look for houses or flats that allow easy access to the campus, shops and entertainment. This means, however, that accommodation in prime locations is always in demand. But location isn’t the only factor when it comes to making a decision: the size and state of the property will also be important and your specific requirements may well be influenced by how many of you are planning on sharing. Agreeing to share with a larger group can result in lower rental costs for all of you, while also allowing you to obtain student accommodation that really stands out from the crowd.

When viewing property, think about the practicalities associated with your requirements. How well will the property meet your needs? The Mistoria Estate Agents website enables you to examine property details in advance, allowing you to narrow down possible options. It’s always advisable to view a property in person, in order to ensure that it meets the standards that you would expect.

To find out more about how to invest into the highest yielding property sector click here.

Posted on

Record student admissions boost demand for accommodation

More than 409,000 students have been accepted onto UK Higher Education courses as A-level results are announced, a record high and a rise of 3% on the same point last year. The number of 18 year olds placed on depress articlegree courses is up 5% year-on-year, with a 2% rise in the number of 19-year-old entrants, but there are fewer acceptances from older age groups.

In some cities, the availability of quality and affordable accommodation is poor and this has led to the creation of student housing co-operatives. These offer student properties with cheap rent, no letting agent fees and no landlord. They are pitched to students as a way to escape sky high costs, and make a student house a real home, where democracy rules.

Between 2010 and 2013, rents rose 25%, according to the student housing charity Unipol. This compared with rises in the wider rental market over the same period of 13%, according to Homelet. The latest Unipol data, to be published in November, is expected to show further rises of around 7%.

It is clear that sky high rents are putting pressure on students’ pockets and demand is booming in university cities for affordable accommodation. According the Mistoria Group, there has never been a better time to invest in quality student property.

Mish Liyanage, Managing Director of The Mistoria Group comments: “The cost of student accommodation is a major consideration for most students, but the quality and location are important factors too. We know from our research that students want quality white goods, superfast broadband, security, large plasmas etc. The most common downfall of student digs was cited as poor quality build of the property and furniture followed by poor internet connection. Investors can buy a four-bed HMO in a good location for students and professionals, fully refurbished and furnished and tenanted for the coming year, for less than £150,000 in the North West based on 2015 prices. Typical rents are significantly higher for student properties, than a comparable buy-to-let property in the same city. The North West provide excellent returns and are clearly outperforming BTL investments. We have experienced a sharp increase in demand from investors looking to acquire HMOs for students this year. Investing in student HMO accommodation offers a long-term investment option, as the property is highly likely to be in constant demand throughout the calendar year.”