Mon Apr 29, 2019 8:07 am #1690853
eltonioni wrote:....When I produced my first large student scheme in 1998 I remember pals with student lets telling me that students didn't want to live in big blocks instead of living in a house with their mates. I've done a few more since then and each one fills as soon as it is completed, and another hundred or so houses drop out of the student lettings market. Many of these have been picked up by smaller landlords looking to rent to non students. Those houses are going to find themselves without tenants in the next few years too, so they will cycle back into private family homes as landlords drop out of the market.
That very much mirrors what has gone on locally here, except at the final step there appears to be a significant number that have been converted to holiday lets / Airbnb.
Not sure if that's reflective of an increase in demand for such accommodation, or if it's abstracting from e.g. traditional B&Bs, hotels, etc.