Saturday, November 30, 2013

BTL alive and kicking

New student apartments in Exeter sell out as investors snap them up

Unprecedented demand from investors for luxury student apartments in Exeter city centre has led to a new £17m scheme selling out in just seven weeks. All 161 apartments in Vita Student’s Portland House development on Longbrook Street scheme have been purchased off-plan by UK and overseas investors.

Posted by stuartking @ 12:19 PM (5543 views)
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2 thoughts on “BTL alive and kicking

  • Since economic policy everywhere boosts asset prices and neglects the rest of the economy the global rich investing in property and financial assets know they’re investing in bubbles supported by a combination of money-printing and the substantial wealth they gained thereby. The idea is to find the assets that not only pay well but are also least likely to pop anytime soon. Prime properties are high on their lists and if their likes are sending their kids to top British universities it makes sense to make this kind of investment.

    At least it’s a lot safer than the kind of investing that’s holding up the housing market in the US – short-term, speculative, all-cash buying of ‘distressed’ properties in areas of high unemployment.

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  • What students will be able to afford these “luxury” premesis?

    Loans for 3 years study plus eating and clothes will put most wannabee students into massive debt by their 3rd year. Just in time for the government to hike their rates and sell off the loans :~(

    Not to worry, just put off having kids till you’re 50…Right !

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