A number of international students heading to the UK are set to increase faster year to year. Investing in UK real estate, particularly in HMOs for students, is believed as a great idea since HMOs seem to impressively yield great returns of the investment. As investing in other property types, it is important to consider the location of the HMOs where you invest in. It is makes sense to look at a location near a university and in an area that students commonly live. Here are some top hot spots worth you to invest in HMOs for students in the UK:
It is the UK’s second largest student city with five universities (Aston, Birmingham, Birmingham City, Newman and University College Birmingham). It has over 65,000 students every year. Sporting, culture and nightlife, and shopping facilities are as attractions for students in addition to the proximity to the city centre. Besides it is at the centre of the UK motorway system with Birmingham International Airport in it. Birmingham also has excellent transportation including buses, trains, and trams.
Nottingham offers two leading universities and access is decent via the M1 motorway. Additionally, it is a best spot to invest since the property prices are relatively low, but they raise yields. Hence, Nottingham is a great area for a bargain and for achieving strong profits.
Property prices in London might be expensive to buy, but London is seen as one of the most stable places to invest since it continually outperforms the market during tough times. Additionally, there are lots of universities and a plethora of wealthy overseas students living here.
Coventry is a great place to invest since there are over 35k students every year. This metropolitan city offers students an exciting night life and an array of cultural attractions. Located in the centre of England, Coventry has excellent transport links (i.e. airport, train and bus station) making it easy to get to whether you are based in the UK or overseas.
Glasgow, Scotland’s most populous city and a cultural capital of the northern country, is a great destination for students. It offers modern and comfortable student surroundings close to Glasgow Caledonian University in addition to an exciting day and night life in the city center.
York is another hot spot to achieve great returns on investment because York has great universities and transport links. Additionally, it just takes a few hours away by train to reach London and Edinburgh
With two universities, University of Reading and University of West London, Reading is a rapidly expanding city ideal for students.
Though the property prices are secondly high after London, the rental costs are also very steep that will help you turn a profit of your investment.
Manchester is a house of three universities in the city, catering for 50,000 students. As one of the most exciting cities in the UK it has great shopping, exciting theatre and vast array of cafes, bars and restaurants that of course be a plethora of attractions for students.