Student lets offer healthy return
STUDENT property is delivering excellent returns for investors, according to Knight Frank.
The company’s Student Accommodation Index reveals that average rents rose 2.2 per cent in the year to September 2010 and rents for regional cities increased by 4.1 per cent
Total returns, taking into account income and capital value growth, stood at 13.5 per cent.
James Pullan, Knight Frank’s head of student property, says: “Student property has delivered consistently healthy returns over the past five years.
“The sector avoided the crash in both capital values and rentals seen in the wider commercial and residential sectors in 2008 and early 2009.”