Rising student numbers entice landlords back to Nottingham property market
29 June 2009
Nottingham’s increasing student population may be the key to helping Nottingham landlords beat the recession and start investing in property in the city, according to research carried out by property website whitehotproperty.co.uk.
According to research carried out by the website, a combination of low house prices and an increase in university applications is attracting investors back to the property market.
Both Nottingham Trent and Nottingham University say that they have seen a sizeable increase in applications compared to the same time last year, possibly due to young people delaying entering the jobs market.
Indications that the market is becoming more buoyant include:
- Increase in number of students applying for Nottingham Universities
- House prices indicators suggesting property prices may be levelling out
- Nottingham property investors coming back to the property market to take advantage
Until now, falling prices have turned off investors, but with the Halifax and Nationwide Prices Indices showing price rises this month, many believe that prices may be starting to level out.
whitehotproperty.co.uk, which specialises in the sale of ‘corporate residential properties’ (repossession, part-exchange, probate, etc), says that the prices of the properties they sell have been rising for three months, although on average they remain lower than the general market price.
Owen Burns, director at whitehotproperty.co.uk, said: “In the past couple of months, we’ve noticed a clear increase in enquiries from investors in and around Nottingham as they look to take advantage of lower prices and an increasing student population”
whitehotproperty.co.uk will be holding a property buyer’s event in the Victoria Centre on the weekend of the 3rd, 4th and 5th July.
Disclaimer
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty.
