With rental charges rising quickly, many parents are choosing to invest in property for their children to live in while they are in university. They are finding that, as the property market stabilizes and house prices start to rise again, they could have made the ideal investment while trying to save money.
One real estate expert said: "I've had parents of students get frustrated with the huge price tag on some of the rentals here in the Boston area and they found that it made more sense to buy a condo for their child. Most recently I worked with a Boston University student and her parents purchased a two-bedroom condo in South Boston for her to live in while attending school."
Others have been quick to catch on to these investment opportunities, especially while property prices were at their lowest, and it is not just parents who are looking to capitalize as investors buy properties in university towns with the intention of renting them out to students.
Another expert added: "There has always been a shortage of housing for students." He went on to say that, for this reason, university and college real estate investments over the years have been a great success for both short-term and long-term investors.
As the property market continues its revival after the global property market crash, there might not be as much scope for buying cheap properties; however, the chance to buy and then rent in university towns and cities will always remain.
