x
By using this website, you agree to our use of cookies to enhance your experience.

The student property market has shifted significantly in recent years with students turning away from houses of multiple occupation (HMOs) towards purpose-built student accommodation (PBSA), according to Vita Student Management. 
 
To demonstrate this, the firm has announced that all 156 studio apartments available at its Portland House residence in Exeter have been reserved three months ahead of the 2014/2015 academic year.
 
The buyers who purchased an apartment at Portland House in Exeter will now enjoy minimum rental returns of 7% per annum,  which Vita believes demonstrates how strong PBSA apartments are as investment vehicles for buyers looking for a hands-off BTL investment. 
 
Gavin Duncan, Managing Director at Vita Student Management, said: “The appetite for higher education in the UK has continued to rise over the past few years which means that the requirement for quality accommodation is greater than ever. Achieving full occupancy at Portland House in Exeter so early before the first year of operation is strong evidence of the way the market is moving.” 
 
“We’re certain that the sector will continue to mature due to students’ growing expectations of what private housing should offer,” he added.
 
As reported in PIT last week, the Mistoria Group would beg to differ, claiming that student pods are failing to deliver
 

Comments

MovePal MovePal MovePal