With rental costs for quality student accommodation currently averaging around £1,000 per calendar month, the total expense over four years can become significant for families with one or more children at university. As a result, families with the financial means, whether through equity release from their primary residence, inheritance, investments, business profits, or guarantor mortgages, may find it worthwhile to invest in a second property. Purchasing a flat and renting out one or two of the spare rooms can offer a cost-effective alternative to traditional renting. It not only provides a safe, central, and stable living arrangement for their children but also serves as a long-term financial asset.
There are many good reasons to invest in Glasgow City property with “Glasgow boasting one of the highest graduate retention rates in the UK, with approximately 46% to 51% of students choosing to remain in the city after graduation. This places Glasgow at the top in Scotland and among the leading cities nationwide for graduate retention”.
Within the City Centre itself, including Strathclyde University, Glasgow Caledonian University, Glasgow Art School, Royal Conservatoire, City of Glasgow College, the combined total number of students (excluding the University of Glasgow) is approximately 69,000 full-time students and therefore high demand for City Centre student accommodation. Worth noting for prospective investors who have a captive audience of potential tenants both students and graduates alike.
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