Student landlords urged to monitor university admissions
Student landlords operating across the UK are being encouraged to keep a close eye on the admission level for universities in their area.
The lure of higher education is becoming increasingly difficult to afford for would-be students due to the government’s decision to raise tuition fees to up to £9,000 a year so this has the potential to affect the rental market in university towns, This Is Plymouth reports.
With this in mind, Landlord Assist, is urging those that have properties available for student lets to monitor the admission figures and adapt their strategy accordingly so they do not end up out of pocket in the future.
Graham Kinnear, managing director at Landlord Assist, told the news provider: “If university applications continue to drop at the current rate this could ultimately lead to some landlords having empty properties on their hands or having to cope with falling rents in the coming years.”
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