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UK student accommodation top investment for Malaysians

For a room like this in north London you will need to pay at least 225 pound sterling a week.

Syndicated News
Written by Syndicated News

KUALA LUMPUR — February 24, 2017: United Kingdom student accommodation remains the top property investment choice for Malaysian investors and the number is increasing.

Throughout last year there was a significant increase in the number of Malaysian investors interested in the UK student accommodation sector.

“Our sales volume increased 60 per cent compared to 2015, more than half of which are from UK real estate,” said . Virata Thaivasigamony, a spokesperson for CSI Properties (Cornerstone International), a real estate consultancy marketing foreign properties to Malaysians.

“It is an indication that Malaysian investors are taking advantage of the current favourable exchange rate following Brexit,” said Thaivasigamony.

Additionally, more than 65 per cent of the company’s UK real estate sales came from UK student property alone.

Thaivasigamony said the consultancy enjoys a strong reputation among Malaysians as the only firm with the most extensive portfolio of student property investment projects in cities across the UK.

Its clientele ranges from purchasers of individual units with prices beginning at £50,000(£1=RM5.5), to high net worth and institutional investors making en-bloc purchases of £2 million to £10 million.

“UK student accommodation has proven to be recession-proof, outperforming other traditional asset classes during an economic downturn.

“We see it staying resilient through Brexit because of the ongoing demand for UK higher education, in addition to the weaker pound being more attractive to overseas students.”

The UK student accommodation sector has grown by 37 per cent since 2014, from £30.9 billion to £42.5 billion, making it one of the fastest growing asset classes in the UK property market.

The Universities and Colleges Admissions Service reported that the number of students for 2016/2017 is set to exceed the previous year’s.

At the start of the 2016/17 academic year, almost 522,000 students were enrolled in undergraduate courses at UK universities, an increase of more than 7,000 from 2015. — Bernama

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News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.