Investment in student property has surged by 8% in the North West, Mistoria Group research shows.
The largest increase in investment came from Turkey which accounted for 20% of the growth, followed by UAE (14%) and Hong Kong (11%).
Mish Liyanage, managing director of The Mistoria Group, said: “Over the last 12 months, we have seen a sizeable increase in international investors’ appetite for student accommodation.
“They are attracted to the UK because of the relatively low-cost student property on offer and the excellent net yields that range between 12% and 15% in the North West.
“Higher education is a worldwide demand and universities in the UK offer some of the best courses. Towns and cities near universities have seen rising demand and hence student housing demand is high.
“Student buy-to-let investments – particularly HMOs – offer an excellent return on investment.”
Source: Property Wire