Entrepreneurs looking to secure a good return on their investment may be encouraged to consider making a money transfer and entering the student housing market.
According to marketing director at FreshStart Living Stephanie Sowerby, there are plenty of profitable opportunities in the sector.
She suggested that unused city-centre buildings are an untapped resource as there is often a shortage of space in central locations.
"Universities are constantly looking for cheaper accommodation to offer their students," Ms Sowerby commented, adding that disused spaces can often be purchased for a cheap price.
As a result, transforming a vacant lot into a profitable series of flats is "very easy and cost effective", it was claimed.
Ms Sowerby went on to state: "By taking advantage of unused buildings, developers can usually obtain planning permission very easily."
Those considering following the specialist's suggestion and entering the student housing market may want to take heed of her recommendation to find a suitable building that is centrally located.
Individuals were advised there is a current shortage of accommodation for undergraduates as many universities have been forced to sell their halls of residence due to funding problems.
This was noted by Ms Sowerby as providing a "rare opportunity" for people outside of the establishment to enter the student housing sector.
In conclusion, the expert remarked that property developers can usually find an unused building and develop it at a cheap cost, which means the savings can be passed on to investors and then students that rent the apartments.
Director of Easyroommate.co.uk Jonathan Moore recently commented that high-quality accommodation and luxurious flats are often favoured by overseas undergraduates, as they generally have bigger budgets than individuals from the UK.
Posted by Chris Barber
Source HiFX's Foreign Exchange services.
According to marketing director at FreshStart Living Stephanie Sowerby, there are plenty of profitable opportunities in the sector.
She suggested that unused city-centre buildings are an untapped resource as there is often a shortage of space in central locations.
"Universities are constantly looking for cheaper accommodation to offer their students," Ms Sowerby commented, adding that disused spaces can often be purchased for a cheap price.
As a result, transforming a vacant lot into a profitable series of flats is "very easy and cost effective", it was claimed.
Ms Sowerby went on to state: "By taking advantage of unused buildings, developers can usually obtain planning permission very easily."
Those considering following the specialist's suggestion and entering the student housing market may want to take heed of her recommendation to find a suitable building that is centrally located.
Individuals were advised there is a current shortage of accommodation for undergraduates as many universities have been forced to sell their halls of residence due to funding problems.
This was noted by Ms Sowerby as providing a "rare opportunity" for people outside of the establishment to enter the student housing sector.
In conclusion, the expert remarked that property developers can usually find an unused building and develop it at a cheap cost, which means the savings can be passed on to investors and then students that rent the apartments.
Director of Easyroommate.co.uk Jonathan Moore recently commented that high-quality accommodation and luxurious flats are often favoured by overseas undergraduates, as they generally have bigger budgets than individuals from the UK.
Posted by Chris Barber
Source HiFX's Foreign Exchange services.
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