Demand Surge For Student Flats

Students in Edinburgh are already trying to ensure they find the perfect place to live during the next academic year - almost nine months before their studies begin.

Leading letting specialists Braemore Property Management has seen an unprecedented increase in demand from students eager to sort out term-time accommodation in September, and has already taken dozens of enquiries over the last month from young people looking for their next rented flat.

The firm says that because there is a shortage of traditional student flats in Edinburgh, undergraduates are making enquiries about renting new homes earlier than ever.

And although there has been a recent increase in the number of properties being put up for let by "reluctant landlords" - people who have bought a new home but have been forced to rent out their old property after failing to sell it - this has had little effect on the number of student homes, as few of these new properties have HMO legislation.


Colette Murphy, Director at Braemore Property Management, said: "Although there are a lot of reluctant landlords putting properties up for let in Edinburgh at the moment, there is still a shortage of traditional student flats that have HMO legislation. Therefore, we're seeing students planning many months ahead to secure their desired accommodation."

Braemore Property Management, based in Dundas Street, is one of Edinburgh's leading letting agents and boasts a portfolio of 850 properties in the Capital worth more than £250m.

Colette adds that although many reluctant landlords have recently put larger properties on the market, the majority of these are looking to sell up once the economic conditions improve and do not want the extra expense of applying for an HMO license to rent it out to students.

She said: "For reluctant landlords who plan to keep their property on the rental market for the next few years and whose property is in the right locationa student let could be a good way of generating income.

"Those in their second or third year are generally reliable, responsible, sign up to 12 month tenancies and have UK-based guarantors. Students tenants are also prepared to pay a good rent level for the right place."

(GK/JM)