Student growth is good for prices
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.”