Uni-towns 'house boom'
Published on : 01/09/2008
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A number of university towns have seen house prices rise by more than half, it is being claimed.
Halifax announced a review based on its housing statistics database examining house prices found three towns saw a rise of more than 100 per cent over the past five years: Belfast (105 per cent), Dundee (101per cent) and Bangor (100 per cent).
The study was conducted along with the Times' Top Universities League and the Higher Education Statistics Agency over the course of the past five years.
A further twenty university towns saw prices rise by at least 50 per cent including Preston (53 per cent), Bradford (94 per cent) and Aberdeen (94 per cent).
Nitesh Patel, an economist at Halifax, said: "While it can be a good investment, the decision to buy a property for a son or daughter at university ultimately depends on the parents' personal circumstances and property prices around the university."
Halifax is part of the Hbos group, which employs more than 72,000 people.
