Recently, there has been news everywhere that the pound broke 9.Lan Shajun checked the pound-to-renminbi exchange rate and found that it had reached 9.17.
In September last year, the pound exchange rate fell Breaking 7.9.In less than a year, the pound exchange rate has been soaring, reaching its highest peak since 2021.
At present, the pound against the renminbi has risen to the highest level in the past two years. The highest level has exceeded the 9 yuan mark and is still rising.
At the same time, the RMB exchange rate continues to depreciate.Such exchange rate changes will correspondingly increase the cost of studying abroad for the families of students studying in the UK.
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Regarding tuition fees, generally the more famous the school, the lower the tuition fees. The more expensive. There are also changes in the pound exchange rate, the cost of living has skyrocketed, and studying in the UK has gradually become unaffordable, as well as the increasingly expensive rental costs near major universities... Studying in the UK today is not only about grades Competition is fierce.#{34 }
According to statistics from the British real estate website, as of 2023 In the first quarter, rent prices across the UK hit record highs. Many friends reported that even in areas far away from schools, rents were much more expensive than before.
Another way out for families studying abroad amid the educational involution
#{57 } The concept of "renting to support students" is a brand-new win-win concept of studying abroad + asset allocation. It refers to the rational allocation of overseas real estate and the development of real estate. In order to obtain rent or income to cover the tuition fees, living expenses and other expenses required for studying abroad, you may also earn some additional income.
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Where should I choose to study with rent?
Buyers who currently choose to "rent to support their education " and want to invest in buying a house to collect rent in the UK will first consider London. However, according to the current housing prices in London, the investment cost is too high. In addition, the Bank of England has recently raised the benchmark interest rate to 5%, which means that loans will be higher and more people will consider buying a house with full payment.
Assuming a full budget of 1 million pounds, choosing the WC1 and EC1 postcode areas that are closer to University College London and the London School of Economics and Political Science can only cost 1 million pounds. If you buy a one-bedroom apartment, the market rental return is 3%-4% ( gross rental income), plus stamp duty, property management fees, lease management fees and other holding costs, the net rental return will be even less.
In this way, I want to "rent to support students" ” you need to consider areas outside London.So, where is the return rate for buying and renting a house in the UK relatively high?
In different regions of the UK, the gross profit margins for renting out different residential types will vary greatly. In recent years, the demand for housing in northwest England has been great, and the rental market has been in short supply, causing rents to rise. .
Manchester, as the economic engine of the northwest, will bring strong economic and employment support to the real estate market.
#{ 19} Data shows that Manchester, especially in the two high-quality areas The monthly rent of a house is usually more than 2,000 pounds, and it is not surprising that a good house can reach 3,000 pounds. The rental return is stable at 6% -7%. According to the current situation, investing in Manchester may be a good choice for international student families!
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JLL's forecast of UK housing conditions in the next five years The report shows that rents in the core area of Manchester, UK, are expected to increase by 21.6% in the next five years. By analogy, the current purchase price of Oscar House is only 327,000 pounds, and there is a high possibility that house prices will rise in the next four years.
#{33 } With the same house purchase budget of 1 million pounds, you can only buy a 1-bedroom apartment in London and the rental income is only 3%-4%. If you choose Manchester and Oscar House You can buy almost 3 sets of properties of the same type and price, and the rental income of each set is as high as 6%-7%.
The rental income of 3 properties plus the additional income that can be obtained when selling if house prices appreciate after graduation, (minus the cost of studying abroad) Tuition fees, living expenses, housing ownership costs and various miscellaneous expenses, etc.) International student A can not only realize " renting to study", but it is also more than enough.
Domestic British real estate investment buyers who are interested in Manchester City real estate are welcome to contact the professional consultants of Lansha Real Estate to obtain professional consulting services.
