High Graduate Retention Rate Boosts Build-to-Rent Sector

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    Cities with a high graduate retention rate have boosted the local build-to-rent sectors. As students finish their studies they are increasingly staying in the cities of their studies in private rented property. Due to a nationwide undersupply of suitable housing, build-to-rent accommodation is becoming ever more popular with recent graduates. Therefore, when deciding where to buy an investment property – especially a build-to-rent property – the local graduate retention rates should be considered.

     

    Regional Retention Rate Grows

    Although London has always fared well in terms of graduate retention rates, the rates in regional cities are rapidly growing.

     

    Knight Frank’s recently-published Student Accommodation Survey 2021 highlighted Birmingham and Manchester as regional cities with increasing graduate retention rates. Birmingham’s retention rate has risen from 40% in 2019 to 46% in 2020. Manchester’s retention graduate rate last year followed closely behind at 43%.

     

    As regional cities continue to grow in importance and their jobs market flourishes, it is likely that their graduate retention rates will continue to increase. Regional cities should definitely not be discounted when choosing where to buy an investment property.

     

    Build-to-Rent Boost

    The Knight Frank report found that 46% of final-year students (amounting to 235,000 people) plan on moving into a private rental property following graduation.

     

    The report also stated that, “A city’s ability to retain skilled graduates will depend on the availability of vibrant, amenity-rich, flexible living space for those workers in the right areas and at the right cost.”

     

    With a chronic lack of suitable housing across the country, this creates a huge opportunity for the build-to-rent sector and those investing in this type of property. Offering fantastic amenities in sought-after locations, build-to-rent housing is perfect for recent graduates and highly desired by them.

     

    The Benefits Of Build-to-Rent

    The build-to-rent sector offers great opportunities to investors deciding where to buy an investment property. Strategically situated where the demand is highest, investing in build-to-rent means you don’t need in-depth local knowledge of the city. This is great for new buy-to-let investors or those who are expanding their portfolio into different areas.

     

    Investors can also be assured of a high-quality finish, modern living spaces and excellent fittings. Not only this, but build-to-rent investment schemes usually offer attractive payment plans and plenty of choice to investors.

     

    Contact Us

    To find out more about investing in build-to-rent housing, or if you’d simply like to talk to us about where to buy an investment property, contact North Property Group now.

    Call Us:
    Leeds: +44 (0) 113 4264 444
    Manchester: +44 (0) 161 2449 060

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