Rents set to rise for student flats

Rental growth in the student accommodation sector has remained robust during the downturn, according to estate agents Knight Frank. Rental rates for student houses have recorded growth of five per cent per year over the last six years, compared to 0.6 per cent for commercial property. Substantially higher growth was achieved in key university towns over the last academic year and with demand for places continuing to rise Knight Frank forecasts continued rental growth.