New data from leading personal property investments company Experience Invest has revealed that inhabitants of Liverpool are most likely to invest in student housing, much more than any other place in the UK.
According to the findings, 26% of Liverpool-based investors are considering an investment in student accommodation to help house the city’s 50,000-strong student population. This number is set to rise further still, with this year’s UCAS intake recently closing for the autumn.
The research found that investors in Liverpool are 10% more likely to plough funds into student property than the average British investor. With demand for high-quality homes for students growing year-by-year, a range of new developments have sprung up to cater for this. There are already a number of new and uber-modern student developments in Liverpool (Libertas, Artesian and Queensland Place in particular), at a time when both students and universities are abandoning traditional halls of residence style accommodation.
Traditional halls are increasingly seen as outdated, with just 23% of students expecting university halls accommodation to provide modern necessities such as Wi-Fi. They see newer developments as better equipped to offer the sort of 21st century living they are after.
Jerald Solis, Business Development & Acquisitions Director at Experience Invest, said of the rising levels of investment in the city: “Liverpool is one of the UK’s most popular cities with current student numbers increasing at a steady rate year-on-year. Our research shows that people are savvy about the return on investment which can be gained across the country.”
“Before making any investment in this area however, we always urge people to research the student market thoroughly,” he added. “At Experience Invest, we have created a purposely designed guide to student housing investments, giving a wealth of background to the many people interested in investing in this type of property to see if it’s right for them.”