'Advantages and disadvantages' to student tenants
Buy-to-let investors looking to purchase property to attract student rentals should tread carefully, the property editor of the BuyAssociation website has advised.
Paul Collins suggested that the "maintenance issues" for landlords in university towns can be more pressing than for those with older, perhaps less boisterous, tenants.
Nevertheless, such towns generally have relatively good house price growth - with Halifax Estate Agents research from August 2007 showing that 20 had shown property inflation exceeding 20 per cent over the previous 12 months.
Mr Collins added: "When you have a university town there are always going to be students who are looking for accommodation and there are certainly some really good opportunities to rent out to students; [also] you have the advantage that the property is only going to be occupied for nine months of the year."
"But there can be downsides in terms of the maintenance of the property and in terms of the rent that you can get because obviously students aren't the most affluent people in the country."
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