Why the wheels are coming off the student rental sector [Yahoo! Finance]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Houses of multiple occupancy (HMOs) – better known as flat shares – offered property investors above-average returns while swelling numbers of school leavers going on to higher education pushed up rents in university towns across the country. Meanwhile, a surge in wealthy overseas students from Asia and the Middle East opened up a lucrative market for high-end, purpose-built student accommodation (PBSA). Shop Top Mortgage Rates A quicker path to financial freedom Learn More Your Path to Homeownership Learn More Personalized rates in minutes Learn More Powered by Money.com - Yahoo may earn commission from the links above. But the pandemic changed things. Remote learning meant many students moved home, denting demand for housing. Official figures show the number of foreign students dipped last academic year for the first time for more than a decade. At the same time, landlords in all sectors have faced higher costs, from maintenance to compliance with new regulation
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