Student Property Market in Leeds is Thrieving

Just like several other cities of the United Kingdom, Leeds has also started luring international students in the past few years. Thanks to the three main universities of the city, Leeds Metropolitan University, Leeds Trinity University and the most prominnet of all the University of Leeds that have attracted more than 68,000 international students till now. And it is anticipated that the numbers of international students coming to the area will further incerase in the near future. Given that the UK’s government is now making efforts to bring more foreign students in the country. Therefore, it is likely that these efforts will have a positive impact on the student property market of Leeds. So residents of Leeds, who are planning to rent out their property to students, should acquire the services of Oasis Properties that is a supreme name when it comes to letting properties to university pupils.

The aforementioned figure of international students depicts that population of forigen pupils in Leeds accounts for nearly 9 percent of the entire population of the city. This means that the demand for student property in the region is quite high. Therefore, investment in Leeds’ student properties is gaining more popularity as compared to other investments. And the major reason behind this popularity is that investors feel more secure in endowing money for student propertis as it offer high returns. On top of it, investors will not have to rent out their whole property to a single famlily or person, as student properties are usually let out on single-room basis. So a bad year means that investor was not able to rent out a single-room rather than having an entire house empty for 12 months.     

The best part about student properties in Leeds is that its universities are well known for their postgraduate programs. For this reason, majority of the students, who come to the UK to earn a postgraduate degree converge to Leeds and currently these universities boast more than 13,000 foreign pupils. Therefore, development of dedicated student properties in the city is not a bad idea at all because such an investment will enable the investors to enjoy high returns, whereas students will be able to enjoy high standards of living.

City Councillors Grants Permission to Convert Former Lancaster Bar into Student Housing

Demand for student housing has once again increased in the United Kingdom, as authorities are granting permission to build accommodation facilities for pupils more swiftly than before. Latest in this regard is that the city councillors have given a green light to convert a former Lancaster bar into student accommodation facility, according to Lancaster Guardian. As a result of this decision, the Mister Group will now be able to transform the former establishment into a residence for students in spite of the fact that local residents were against the transformation. The former pub is located at Quarry Road and was previously known by the name of Moorlands Hotel.   

    

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Now, Mister Group has plans to build one seven bed unit and four studio apartments on the ground floor of the former bar and two six bed units on its first floor. Every room in the building will have its own kitchen and shower room that will be separate from the single room. In addition to this, all three units in the accommodation will include two common bathrooms and one common living or kitchenette. However, the original plan that was proposed for the student housing comprised of two bedroom units at the top, but Mister Group had to change its plan as city councillors made it clear that they will permit them to build the accommodation only if they remove these rooms.  If you are a student and looking for a similar kind of accommodation in Leeds or nearby areas then contact, Oasis Properties a supreme name for letting properties to students.   

On the other hand, people residing close to the former pub are not too pleased with the decision because they believe that once the work will begin it will increase the noise, antisocial behavior and litter in the area that will have a severe impact on them, especially the aged persons. Moreover, lack of car and motorcycle parking at the site will cause further problems for the local residents, as both traffic and student housing has already increased a lot in the area. Therefore, chairman of the local residents’ association has submitted a letter along with a petition from 39 local residents in the close by Greenfield Court in which they have raised their concerns over the transformation of the old establishment. Now their fate lies with the court of law.

Investors from Gulf Buys 8 Student Properties in UK for £270M

Investment in the UK’s student properties has always proved lucrative for the investors because each year a huge number of foreign students arrive in the country to receive higher education. As a result of that demand for student properties in the UK always remain on the higher side. In fact, when UK’s economy received some serious jerks a few years ago, even than demand for student properties did not plunged down too much. This not only showed strength of the sector, but also raised the confidence of investors, who were under great stress at that point in time. Now once again the future of student accommodation in the UK is looking bright, as the economy of the country is recovering from recession and more investors are investing in the sector. This can be judged from the latest report of Arabian Business.com, which revealed that a group of investors from the Gulf has spent £270 million to acquire eight student properties in the United Kingdom.

 

The report also mentioned that investors from the Gulf were guided by Arlington Investors. While, the £270 million deal was a 50, 50 equity partnership between the Gulf investors and Campus Living Villages (CLV) that is a premium student properties operator in the country. According to a statement, this was first acquisition which London based Arlington Investors has made as a company that represents majority of families from Middle East. The statement also divulged that eight student properties deal was financed through a £210 million bond that has a 50-year maturity and it is subscribed by one of the leading insurance company in the UK. The eight student properties which Arlington has bought are located in London, Liverpool, Nottingham, Newport, Manchester, Birmingham and Leeds. If you too are interested in buying a student property in Leeds then, contact Oasis Properties that is a leading name in letting out properties to students.     

Industry analysts suggests that the sector is luring lot of investment as according to their evaluations more than £6 billion of funds have been allocated for the UK’s student properties. Given that transaction levels were consistently above £2 billion during 2012 and 2013. Therefore, it is quite likely that transaction level will cross the previous marks till the end of 2014.