Student landlord slashes rents

Landlords renting to students have been the beneficiaries of the recent rise in student numbers and the corresponding rents.

However, landlords in University towns need to be afraid ....very afraid

Latest reports are that the big boys are prepared to reduce their rents to attract business away from private landlords and keep their properties full occupied.

This news relates to the UK's largest student accommodation's announcement that it is prepared to reduce it's rents by offering student tenants discounts of up to £2000 if they sign up before the 28th of May.

Unite’s managing director of property management, Shane Spiers, said: “We have always prided ourselves on having the highest quality student accommodation, and now we are cheaper than our competitors. In these tough economic times, we think it is important to help students with their university costs where we can.”

Private landlords have always been able to compete with the big boys on price, but maybe this latest development is an attempt by the big boys to gobble up a greater amount of market share.

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