News
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.
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