Any uncertainty over whether landlords of student housing would struggle to let their properties after a sharp increase in the price of Uni tuition is over, following a rise in university applications, driven by foreign students.
The number of foreign students coming to the UK is fast increasing, and over the next 10 years it is predicated to rise further. University recruiters are working hard to attract an international mix who are not put off by our high tuition costs. After all international students studying in British universities have been paying fees since the 1980s.
Many student housing landlords did have major concerns after the number of University applications seriously fell when the Government increased tuition fees to more than £9000 a year. The owners of student housing felt uncertain about whether they would continue to fill their properties year on year. However, University applications have started to rise, with a large proportion of those being from overseas students wishing to live and study here in the UK. Almost 559,000 students made applications to British universities by the official mid-January deadline, up by 3.5 per cent on the same point last year. Statistics show that numbers were being partly driven by a sharp rise in demand from foreign students, with applications soaring by almost 10 per cent.
China and Hong Kong continues to send the largest numbers of students to British universities and numbers were up by a quarter among those from Malaysia this year.
Owning and renting out your property to students both British and international is a salient way to earn steady inflation-matching investment returns. If you have a property you would like Mistoria Estate Agents to manage, we offer a tailored property management solution guaranteed to satisfy all your property requirements. We help you realise your property investment returns from day one.