Nowadays, universities are in precarious state. While many industries persist to suffer, the lecture halls are crammed with keen beavers belonging to the different parts of the world. And where bright young things assemble, house prices definitely follow. Even though numbers applying for the university fall every now and then or in a certain year, mostly due to the continuous hike in tuition fees, students are always back and raring to go. There is an increase in applications for recent academic years. Overseas students are willing to pursue their studies in Great Britain, the number is always more than ever. Their parents, rather affluent, follow their children with hefty wallets. So what’s fine for British universities is an excellent news for those who have properties in the popular areas.
Higher education has become a marketplace, and universities compete for applicants. Flourishing student towns like Jesmond have become hubs, where towering demand for Jesmond student properties denotes lofty rental yields. About 600,000 students pack their bags for university every autumn. Although universities can barely accommodate the first-year students in halls of residence, the majority which is more than 70% in most university towns, look for housing in the private sector. The Jesmond area and the student properties in Jesmond that can be pretty helpful for those students who are out of high school with incomplete experience regarding the big, bad property world. Private landlords may not be philanthropists everywhere, but in Jesmond the scenario is different. Luxury high-end housing aimed at home and overseas students who have money to spend, is a hot and trendy market at the moment. That figures may be intimidating for students, but it is the appetite of the market.
Students need to study the housing market. Towns like Jesmond where a rise in the student population is expected can push up the number of housings. Good opportunities to obtain student lettings in Jesmond are created. Don’t ignore overseas students shifting to UK, many belong to wealthy families and would pay big bucks for superior accommodation. Students love to cycle or own a car, but these have risk of being stolen. Parking spaces and bike racks will be on top of a list of must-haves for students. Cramming too many students in one property is liable to establish a false economy. Think of letting to the postgraduates, as they are mature and make better tenants and they might look after your property. For the undergraduates who are relatively young, pay them frequent visits to help them out. All students can have accidents or wild parties, insurance will grant you peace of mind.
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