Record University Applications Are Good News
For Student Property Investors
Current and prospective student property investors have been delighted to see university applications hit record levels. According to a report from UCAS, this year saw a 4% increase in the number of applications, signalling a likely increase in demand for student property.
The increase in applications – which forms part of a continuing upward trend – comes in spite of the fact that there were fewer 18 year olds amongst the UK population this year. The rise shows that more and more people are looking towards higher education after leaving school and college. By the deadline on January 15th, UCAS had received applications from roughly 580,000 18 year olds. This represents approximately 35% of all 18 year olds in the UK.
Student numbers took a serious hit a few years ago, after a high-profile hike which saw tuition fees almost tripled. However, since that time student numbers have been gradually increasing again and have now essentially recovered from the blow.
The higher education sector has enjoyed something of a rebirth as a result, and university-level qualifications remain highly desirable.
According to Mary Curnock Cook, chief executive of UCAS, there is “a remarkably persistent growth in demand for higher education” which is illustrated by these recent figures. She went on to display that the increased demand could be seen universally. It applies to applications for all institutions, and from students of all backgrounds and groups. Demand was also increasing regardless of tuition fee differences, suggesting that this factor is now not hindering university applications in the way it did immediately following the hike.
University towns often experience demand for student property that significantly outstrips the available supply. This is particularly true in towns that bring in large student numbers through large, popular, or multiple universities. The persistent year-on-year increase in applications and student numbers suggests that this demand will continue to grow, bringing in significant benefits for investors in the student property market. The sustained nature of this growth also suggests that the current, strong state of the UK’s student property market is set to continue safely in coming years, leading many investors and experts to look upon student property as a secure, profitable, longer-term investment option.
As such, the increase in student numbers has gone down well among those with existing investments in student property. They have taken it as a reassuring sign about the security of their investments and the low-risk nature of the student property market. However, it has also attracted a great deal of interest from people interested in entering the student property market for the first time. Many are now considering turning to student property investment as a safe and profitable place to put their capital, with strong initial returns and a secure future on offer.
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