Stu­dent growth is good for prices

Yorkshire Post - Property - - PROPERTY -

New anal­y­sis from Lloyds TSB shows that 60 per cent of uni­ver­sity towns across the UK have seen house price growth.

Many have out­per­formed their re­gion in the past five years, with the biggest in­creases ap­pear­ing in ar­eas that have seen a rise in the num­ber of stu­dents. Aberdeen, home to 29,300 stu­dents, saw a gain of al­most 40 per cent, com­pared to 14 per cent price across Scot­land.

Nitesh Pa­tel, hous­ing econ­o­mist at Lloyds TSB, says: “Grow­ing stu­dent num­bers have had a big im­pact in boost­ing house prices in some uni­ver­sity towns – where the in­crease in de­mand has led to the lo­cal mar­ket out­per­form­ing the rest of the re­gion.”

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