Insurance News Archive
Student properties 'appealing' to buy to let insurance holders
Written by Dan Winters
An increasing number of buy to let insurance customers are investing in student property, according to the latest statistics.
UNITE Group has published its latest interim management statement, which shows that institutional investors are seeing increasing appeal in student property, with like-for-like rental growth reaching 9.7 per cent between July 1st and November 18th this year.
According to the organisation, buy to let insurance customers are seeing the value in this area of the sector, particularly in key university cities such as Edinburgh, Leeds, Bath and Exeter.
Nick Harvey-Jones, partner at Ingman Jones, commented: "From every angle, it still looks a very attractive asset class for the moment. It will always be an attractive asset class but especially now because of all the resolutions of poor issues that the commercial market is facing."
He added that banks are still lending to buy to let insurance customers where the development of student housing is concerned because they are aware that there will be substantial income once the projects have been completed.
23 Nov 2009
