By Debbie Franklin, Director of Tax and property tax specialist Analysis by Paragon Bank has found that yields achieved by landlords letting to students have steadily increased from an average of 5.63% recorded in September 2020 to 6.66% in August 2023. The best returns are found to be in smaller university towns and cities: Stoke-on Trent showed the highest yields for student accommodation with an average annual rent to property value yield of 9.42%. In Wales, Swansea showed the best yield of 9.22%, whilst Glasgow showed the best yield in Scotland with 8.08%. The report cites lower house prices and less bespoke student accommodation as reasons for higher yields, in spite of these locations attracting lower student populations.