Overseas students fill lettings gap
DOMESTIC university applications may have dipped this year but international students are plugging the gap and boosting yields for investors in student halls of residence, reports buy-to-let specialist Assetz.
Sector investors are benefiting from gross yields of 8-10 per cent (approximately 6.5 per cent net), almost twice the average yields in the wider buy-to-let market.
The number of university applications from domestic students fell by 8.7 per cent this year according to UCAS, following tuition fees increases.
However, university courses are still heavily oversubscribed and applications from international students are on the rise, with the British Council forecasting a 10 per cent rise this decade.