Home RSS
Real Estate
Cars

Landlords lure London students with iPads as university fees bite

Reuters
Landlords lure London students with iPads as university fees bite - Landlords - London - iPad


(Reuters) - Driving lessons and iPads are among the gifts developers are showering on students in London to lure them to fill empty rooms after fee hikes and visa curbs threaten to undermine university housing's reputation as a safe property investment.



Carlyle Group's Pure Student Living and Quintain Estates are among developers who have struggled to fill student rooms in London this year after the British government tripled maximum university fees to 9,000 pounds ($14,400), triggering a 12 percent fall in numbers from Britain and the EU.

Tighter restrictions on the number of non-EU students in Britain have further dampened demand, property experts say.

"There's an empty room in my flat right now and there are empty flats in the building," said Varala Maraj, a 20-year-old student from Trinidad and Tobago who in September moved into a five-bedroom flat in a 20-storey block of apartments in Wembley, north London, owned by Irish developer O'Flynn Group.


Source








 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.