Evolved through a growing demand from investors for a straightforward way to release the equity in their student accommodation units, studentpodshop.com is the first, purpose-built resale site for this burgeoning market. A subsidiary of Knight Knox International, studentpodshop.com acts as an agent, offering investors the unique opportunity to advertise their unit(s) in the public domain and consequently, generating as much interest as possible to a worldwide audience.
Student accommodation is the fastest growing asset class in the UK property market, accounting for over £740m worth of capital in 2011, as reported by CBRE in their Q4 2011 Student Housing Report. Historically, the sector has always been dominated by investment from institutions, including pension funds and the universities themselves. In recent years however, the market has shifted towards a more specialist offering, in response to the rising demand from students for boutique-style accommodation.
Over the past ten years, students have increasingly turned away from the existing HMO market (Houses of Multiple Occupancy) and become more savvy and consumer-focussed in their accommodation choices. Expert companies like Knight Knox International have cornered this lucrative market by offering a wide range of new and refurbishment student accommodation projects to their investors, backed up by the fact that they already have at least 10 completed developments to their name.
With market conditions ripe for increasing equity in this sector, studentpodshop.com is ideally positioned to advise and guide investors on how to reap the most lucrative rewards from either their investment or purchase.
Martin Copeland, Sales Director at Knight Knox International commented, “The launch of studentpodshop.com is a natural evolvement in regards to the growth of the company. Enquiries into the resale of student accommodation units have grown exponentially over the past six months and we are confident that the site will cater for the expanding needs of our customers.
“The aim of studentpodshop.com is to take the hassle out of the student accommodation resale market for both the purchaser and the seller. We have already handled the resale of numerous units on behalf of our investors, but with the introduction of the site, we can ensure that the properties are gaining the maximum amount of exposure possible.”
With average NET yields of 8-10% for year 1 and high occupancy rates throughout the year, selling or buying property in the student accommodation market has never been more exciting and is an assured way for investors to expand and diversify their portfolios.
If you are interested in releasing the equity in your existing student pod or investing in a student accommodation unit, please contact studentpodshop directly on +44 (0)161 772 1390 or visit www.studentpodshop.com.