Students prove a good investment
STUDENT accommodation in the regions outperformed all other property asset classes in the year to December 2010, with total returns of 14.65 per cent, against London’s 8.41 per cent.
Average rents in regional cities rose 4.1 per cent over the period, while London fell by -3.6 per cent, according to Knight Frank.
The strong performance of the regions is being driven by the imbalance in supply and demand and the Knight Frank Student Property Report Spring 2011 points to Kingston, Brighton, Edinburgh and Durham in the top 10 locations to invest
James Pullan, Knight Frank’s head of student property said: “Once again students will find there is an undersupply of student accommodation.”