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ARTICLE · 06 MARCH 2013

Should You Buy Their Digs?

DMH Stallard LLP
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A discussion on what to look for when buying a student property.

United KingdomReal Estate and Construction
Sylvia Weller
Sylvia Weller

Many prospective students are hearing back from universities with offers of places in the next few weeks. With rental costs rising faster than inflation in many student cities, the difference in cost over three years could be considerable. Buy a property near your son or daughter's university and their housemates' rents could cover the entire mortgage.

Student accommodation has been no exception to rising rents. Some popular towns have seen vast increases, with 20% rises in student rental costs in Winchester and Durham and a 25% increase in student rents in Hull. The most expensive areas for student rentals include London, Guildford and Exeter.

With the right mortgage, buying a student property can be a cheaper option, and leave you with an asset at the end of it... which makes it an opportunity worth considering.

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