Rightmove Students – Renting in London
A recent article in Homes and Property cited four hotspots within London as the best places for investors to buy to rent out to students.
Southwark, Vauxhall, Camden and Islington are the emerging student areas as demand outstrips supply and the investment potential is best. So what about the students currently living or looking to live in these areas, where can they expect to live and what can they expect to pay?
There are 400,000 students in London and this is steadily rising with 31% being made up of students from overseas. These students contribute £2.5 billion a year to the London economy with rents taking up 47% of weekly outgoings according to Santander.
There are 80,000 students renting from private landlords and therefore the remaining 320,000 are in purpose built student blocks. There is a further 113,000 purpose built rooms due for completion by 2015 in Islington and Camden alone.
For more student accommodation visit Rightmove Students.