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Tuesday, August 24, 2010

New university towns boom

New university towns out perform the property market.

For example Aberdeen, home to 29,300 students, saw a house price gain of almost 40% compared to 14% price growth across Scotland. This is coupled with a 54% increase in the student population, the research shows.

In Winchester, prices rose by 30% in comparison to 2.5% in the South East as student numbers in the town were boosted by 78%. The average house price of £385,713 is 114% above the UK average of £180,501.

Keep your ears out for expanding universities.

Read more on Propertywire


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