While we reported in our last segment that there is firm evidence that British consumers have returned to their old shopping habits, we can’t help but wonder how the property market has been impacted since the downturn in the market.
Our contacts noted that student housing market throughout the United Kingdom is booming, and upon further review it makes perfect sense.In areas like Liverpool or Nottingham where universities have thrived, student populations have swelled, naturally increasing the demand for student housing. As a result, rental rates remain strong and therefore a solid investment for investors exists.Outside of the student accommodation options, few developers were active throughout the dire recession. Yet those who have been successful came to market with “no frills” new build property options, where pretty extras like tiled floors and granite work surfaces are left to the purchaser to install after they move in. Price has been the driving factor in making deals; prompting buyers to move and investors to open their wallets.
From student housing accommodations to small and large residential schemes the British public and foreign investors are a bit spoiled for choice. With so much commotion we look forward to reviewing the up and coming new build schemes that will ride on the coattails of the 2012 Olympics in London .. and how the market will react!