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Written by rosalind renshaw

A student lettings agent in Liverpool says that this month looks as though it will be an all-time record breaker.

City Residential said the main driving factor behind exceptionally high levels of activity is the arrival of around 20,000 students desperately searching for accommodation.

It said that with the increased student fees not kicking in until next year, it appears that this year’s intake at the city’s universities will be at an all-time high, and that this is putting a severe strain on the stock available in the city centre.

Alan Bevan, City Residential’s managing director, said: “We always anticipate a busy period during August, September and October but this year has been absolutely manic.

“At one point last week we had 28 tenants in the office and seven more waiting outside to get in!”

It says reports of “excess” stock in the city centre are wide of the mark. City Residential is almost out of available properties to let midway through September, despite having the largest stock of apartments to let in the city.

The result has been tenants trying to reserve accommodation without even seeing it.

The huge increase in demand has also seen rents on some properties rise by around 10% since the end of the academic year in June.

The good news? More buy-to-let landlords are appearing on the scene to buy up property, tempted by yields of around 9%.

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