near to universities will enjoy demand from student tenants, bringing in ongoing rental returns.”
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There is also a “fairly wide” range of target demographics that are drawn to
, Horne adds.
“Micro apartments also appeal to new working professionals branching out from their childhood home, and business travellers of all ages who purchase these apartments to stay in whilst travelling for work.
There is also a market for the newly retired who are downscaling and wish to spend time travelling and not being hindered by the maintenance and upkeep of a larger home.”