University towns see biggest property price rises

22nd August, 2005

Parents considering buying their son or daughter a house while at university could be making a shrewd financial investment, according to a new report.

House prices in university towns are rising the fastest in the county, reveals Halifax Estate Agents.

The rising house prices are coupled with research by Assetz, that says rental incomes are also on the up, reinforcing the financial rewards that can be gained from buy-to-let.

If parents are thinking of investing in housing for children who are at university, it is best to take out student house insurance.

Student accommodation holds a particular appeal to potential burglars because of the amount of expensive items in a house, and home insurance should protect people in instances of theft.

For example, if four students share a flat, there could be four laptops or computers, four TV's and stereos, and this is in addition to all of their other belongings.

Halifax has found that of the top 20 universities, houses in Manchester has most increased in value with prices rising by 114 per cent in the last five years

 

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