Demand for rental properties is set to remain strong over the next few years as first-time buyers continue to find it difficult to obtain mortgage finance. According to the Council of Mortgage Lenders (CML), those in the formerly typical first-time buyer age brackets of between 25 years old to 34 years old, the likelihood of this age group buying at the moment is around half what it was a decade ago.
In addition to it demand for student accommodation continues to rise, with UCAS reporting an increase of 22.9% in full-time undergraduate applications over 2009.
u-rooms.com, a new property portal targeted towards students and young professionals, is developed in response to this shift and will meet the needs of these growing property seekers. u-rooms.com offers services to young professionals and students that reflect their always online lifestyle, enabling them to link their property hunt to their favourite social network site, to search for homes, flatmate or houseshare that matches their unique attributes and preferences.
u-rooms allows letting agents across the UK to list properties on its website thus giving them an opportunity to break down the corporate barriers and guarantee a window into student, key-worker and 18-34 property market. u-rooms connects to facebook and other social networks to communicate in a way that this demographic demands. Moreover, the website offers agents unique dashboards and tools to manage their listings and prospects and improve on enquiry to let ratios.
Mike Peirce, CEO of u-rooms ltd comments: although the market size has increased and is also maturing in terms of its use of the internet (e.g. use of Social Networking) - the services, and user experience, offered to support the rental market have not evolved at the same pace, leaving a gap which u-rooms intends to champion.
About u-rooms
The company, formed in June 2009 by Mike Peirce (former CTO, lastminute.com) and Mark Davies (former head of online at Unite, FTSE 250 Company), empowers both the student and property provider with tools to ensure they have a correct match between property and prospective tenant. The teams experience in property rentals, student accommodation and engaging customer experience will ensure a great service for finding a flat, student house, houseshare, halls of residence and student home in the UK market. For more information visit: http://www.u-rooms.com or contact mark@u-rooms.com
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