Property cash flocks to uni halls

Investors at home and abroad have committed £840m to UK student accommodation projects in the last year, compared with £770m in 2010, as property developers look to cash in on the soaring number of overseas students. Research by real estate adviser CBRE suggests that last year’s hike in university tuition fees has led to a shift in the student population towards more upmarket digs. Rents have risen by four per cent nationwide in the year, and by five per cent in London, with occupancy rates at 99 per cent.