A new report has identified Scotland as offering some of the best investment opportunities to U.K. student accommodation property investors.
In its annual report on the sector, real estate firm Savills revealed how student property investments reached £950 million during the first four month of 2014 – equivalent to 17,000 new beds.
The Scottish cities of Aberdeen and Glasgow, along with Bournemouth, Kingston upon Thames and Newcastle in England, were named as those offering the best potential for future investors. Uncertainly surrounding the Scottish vote for independence could be one downside, Savills noted.
“We saw some compression of blended average yields in the sector over the last year, with average initial yields falling slightly to 6.2 percent (6.3 percent previously). This reflects the increased competition for investments in prime London and super prime regional markets,” the report concluded.
Singaporeans have been increasingly attracted to the sector on the back of growing numbers of student accommodation property exhibitions happening in the city-state.
Full report: http://pdf.euro.savills.co.uk/uk/residential—other/spotlight-uk-student-housing.pdf
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Andrew Batt, International Group Editor of PropertyGuru Group,
wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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