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Buy-to-let news
Students 'provide a steady stream of tenants'
6 March, 2008
Student properties offer buy-to-let landlords a stable, long-term investment, it has been claimed.
John Socha, vice-chairman of the National Landlords Association, explained that a steady stream of potential tenants draws many people to the market.
Socha said: "That's why it attracts some people to it. There's a regular flow to it every year. As long as the position of your house is right - it's got to be on the college bus route, or near the college, as well as near entertainments."
However, there can be downside to renting to students and he claimed that after a landlord has been through the "agony" of letting a student property for the first time, they either gave up or expanded their portfolio.
According to Socha managing four properties does not require much more effort than managing one, meaning that people who are not put off by their first experience are able to expand relatively easily.
On Monday, the government announced plans to create 20 new higher education centres in the next six years which will provide an extra 10,000 student places.
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