The UK government has announced a reversal of policy to allow international students a two-year visa to stay in the country upon graduating from a British university, an excellent piece of news for London’s rental sector.
The move overturns a contentious policy implemented by former Prime Minister Theresa May during her time as Home Secretary in 2012 which gave students just four months to find employment after graduating. This led to a drop in the number of international students coming over study in the capital, which the new rules will surely address.
Currently, the UK has over 450,000 international students with this number surely set to increase thanks to these changes. The students must be enrolled at an educational institution that tracks immigration checks, meaning landlords have one less thing to worry about when it comes to finding the right tenants for their properties.
This is excellent news for London’s rental market; increased numbers of students settling in the capital will increase demand for rental properties, meaning the market will need to respond to keep up with the need for more lettings.
If you’re a landlord with a rental property that you’re looking to fill, then finding the right agent is vital to making sure that your homes are occupied and you see a return on your investment. Coldwell Banker combine expert local market knowledge alongside our industry expertise to provide all of our clients with an in-depth, professional service.