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Glasgow has one of the highest student rents per square metre in the UK, according to Zoopla. Why? Scottish universities do not charge tuition fees – up to £9,000 p.a. in England & Wales – so much of the extra disposable student income has pushed up student rents, relative to the rest of the UK
Like most UK cities that host the best universities, Glasgow has a structural under-supply of student accommodation with only 9,395 purpose-built beds for 52,255 full-time students, meaning virtually continuous 100% occupancy rates
Additionally, degree courses in Scotland tend to last four years, as opposed to three in England & Wales, contributing to this structural under-supply.
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Home to over 80,000 full-time students across three leading universities, Scotland’s largest city is one of the UK's most popular destinations for students in higher education.
With Glasgow University itself being part of the elite Russell Group, and ranked 30th out of 126 universities in the 2016 League Tables, student occupancy rates are likely to remain around 99%+ for the foreseeable future.
Glasgow is a thriving city with a highly active and healthy property market; not only that, but the city has some of the richest educational, and historical heritage in the country.
Glasgow contributes around £13 billion to the Scottish economy every year. The city’s popularity as both a study and a business location has grown significantly, and today it is one of the UK’s leading knowledge-based economies.
Key sectors include finance, business services, media, broadcasting and education with total employment in the city reaching 420,000 in the last decade. A major factor in these figures is that almost 40% of graduates enter the city’s workforce upon completion of their studies and a further 17% find employment in the surrounding metropolitan area.
If you’d like to know more about how student property investment could be for you, give us a call on 01582 228299 or email us at email@example.com. You can even book a time online here and we'll call you then, for an absolutely free, no-obligation informal chat
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