Last summer, Salford was also named as the second most improved university in the UK’s 2015 National Student Survey, having scored 83%, and this positively impacted on Salford’s league table position in The Times and Sunday Times Good University Guide 2016.
Though the university is investing in £81m state-of-the-art accommodation, demand for student property will outstrip supply, according to leading student property investment specialists, The Mistoria Group.
Mish Liyanage, Managing Director of The Mistoria Group, comments: “The UK remains the no 2 destination for international students after the US.
The number of international students attending British universities has increased dramatically over the last ten years and this is contributing to a large rise in student numbers.
Foreign students at the UK's elite universities has nearly doubled in less than a decade and the OECD projects that, with demographic changes, international student mobility is likely to reach 8 million students per year by 2025.
This surge in the UK student population provides investors and landlords with a great opportunity. Student property is a very profitable asset class giving robust returns. For example, in Salford a high quality HMO which will house 4 students, can be purchased for £160K. The return on investment is very attractive too, with 13% (8% cash rental and 5% capital growth).
Salford is a great place to invest. It is a dynamic and vibrant university city with world-class attractions like The Lowry, which has the largest free collection of L S Lowry's work and the Imperial War Museum North. Salford also offers a wide selection of theatres, galleries, designer shopping, river cruises, museums, plus The Quays, Greater Manchester's unique waterfront destination. Over half the city comprises of green spaces and features forests, nature reserves, mosslands, parklands and picturesque villages. What’s more, there are hundreds of acres of beautiful parks, with a variety of wildlife habitats.”
