Second homes for students boost housing market
The number of houses occupied by students was predicted to reach 100,000 by the year 2010. The so-called university effect helped increase the number of 'second properties' to 2.6 million, up from 2.3 million five years ago. Around 1.6 million of the second properties were buy-to-let, while others included holiday homes and work bases.
Andrew Lowe, head of home insurance at Direct Line said: 'The continued boom in house prices, the rise in parents buying properties for their children and the growth in tele-working are among the key drivers of the UK's buoyant second properties market.'