Investing in FOREIGN University towns

[orlando]

Hi all,
THE price of property in the majority of the UK's major university towns has doubled during the past five years, figures showed today.
Halifax Estate Agents said property prices in 10 of the 13 top university towns and cities outside of London had risen by more than the national average of 103% since 1999. The group said parents were increasingly looking at buying investment properties for their children, as accommodation accounted for a substantial part of the cost of sending a child to university. The biggest increase in prices was seen in Bath, where the cost of the average home soared by 156% to £258,379.
"Feedback from our estate agents in university towns and cities shows that potential student properties are in high demand, particularly among parents looking for a long-term investment while at the same time providing a home for their children."
Thanks
Orlando

[preston]

Hi Orlando,
SOME NEGATIVES from a second article...
- students are not the best tenants, and
- there will be long periods of time when they are on vacation.
Parents must also consider whether they want to load the responsibility of being a landlord chasing rent payments, arranging repairs on to their student child.
“Rental rules can be quite onerous,” says Henry Stuart, head of the residential property department at Withers, the solicitors. “You need gas safety certificates and have to meet fire regulations. a??
Thank you
Preston

[samuel]

Hello Orlando,
POSITIVES, may include:
+ More stable demand in a recessionary period,
+ Growth of commercial demand from high-tech, information related businesses,
arising from the university talent pool
Thank you
Samuel