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Student accommodation

Student buy to lets set to benefit from rising student numbers

Author: Gemma

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The latest figures from admission group, UCAS, have revealed that there has been a 2% climb in the number of applicants to higher education courses when compared to the previous year.

Around 592,290 students applied for full-time undergraduate programmes before the 15 January 2015 deadline.

Extra students attending universities is great news for those who have invested in student buy to lets and could help future proof the asset class.

Rising student numbers

Figures from UCAS show that there was a 1% increase in the number of UK applicants, with applicants from some of the UK’s most disadvantaged areas more likely to apply to higher education than ever before.

Over 90,000 extra women applied than men and the number of 18 to 19 year old applicants from the UK also saw an increase. However, despite these positive rises, the number of applicants from older age groups declined.

International and EU students

The information also showed that there was a 7% increase in applicants from Europe and a 3% increase from international students outside of the EU.

Mary Curnock Cook, Chief Executive of UCAS said: “Demand for UK higher education, notably from younger people and from EU countries, has continued to rise in 2015. It is heartening to see the gap between rich and poor continue to narrow.

“Nevertheless, demand has grown more slowly this year and has fallen for mature students. This perhaps reflects improved employment prospects in the UK.”

Rising student numbers may increase demand for student buy to lets and could possible help drive rental yields.

Overseas students are one of the largest key markets for student buy to lets and investors should consider what their property has to offer today’s savvy student.

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