When looking at a UK student accommodation investment, there are many options. As the sector continues to grow in popularity with investors from around the world it is only natural that an increasing number of developments will spring up.
On the surface, this is good news – more choice means that landlords have more options and can search out the best deals. However, the proliferation of Purpose-Built Student Accommodation (PBSA) also means that it is becoming harder than ever to fight through all of the information out there and work out which cities are truly good bets. There is such a thing as too much choice!
One city which goes slightly under the radar is Nottingham. It may not have the profile of London, Manchester, Liverpool or Leeds, but Nottingham is one of the UK’s most in-demand hotspots when it comes to PBSA investment. The reason for this is simple: students love Nottingham and tens of thousands of them head to the city every year. This, combined with a shortage of high quality rental accommodation, makes the local market lucrative for landlords.
When you look more closely at the city it is clear why so many young people compete to go there.
The city is home to two different higher education facilities: the University of Nottingham and Nottingham Trent University are both renowned around the world for their standard of teaching. Between them, they host approximately 60,000 students.
Nottingham itself won a coveted Purple Flag Award for seven years in a row, confirming the quality of its nights out. The award is handed out based on safety, hygiene and the range of things there is to do, and we all know how much a good night out appeals to students!
If sport is more appealing than a night out then Nottingham will also be near the top of any student’s list. Home to two world-famous football clubs, Trent Bridge cricket ground, the National Ice Centre and the National Water Sports Centre, Nottingham has something for every athlete.
Finally, for those who prefer the countryside, Nottingham is within easy reach of two of the UK’s most famous outdoor landmarks – the Peak District and Sherwood Forest. Both are fantastic venues for a day out and are seriously appealing to potential students.
All in all, investors should make sure to take a look at Nottingham. Students love it, meaning that the rental market will be busy every single year. Why not browse our available properties in Nottingham today and enquire? Click here for more information.