Category: Student Accomodation
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Student Accommodation Demand at All Time High
The demand for student housing is at an all-time high, and this has created a crisis in the sector. The need for new student rooms is currently the greatest it has been in several years, with a chronic shortage of student housing in certain cities. Unfortunately, the high demand is not likely to be met…
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Beware Fraudsters Targeting Student Accommodation
Fraudsters are taking advantage of the limited supply of student accommodation by posting fake listings online, according to recent data. With a significant increase in rental scams reported in 2023, it is crucial for potential investors to be wary of fraudulent schemes. The National Association of Property Buyers (NAPB) and Gumtree have joined forces to…
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Student Rents Rise 30% This Year
According to the NatWest student living index, student rents in the UK have increased by 30% in the past year, pushing the national average monthly rent to £591. Unsurprisingly, London remains the most expensive city for student rents, with an average cost of £840. The index takes into account living costs and student income to…
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Student Housing – Which Areas have Biggest Shortfall?
There’s a shortage of rental properties all over the UK, and the student rental market is feeling this pinch even more. The numbers paint a clearer picture: Why is this happening?There are a bunch of reasons. The big ones include: How are students feeling about it?They’re pretty worried! Half of the students in a recent…
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Record Student Numbers Fuelling Demand for Lets
An increase in the number of students is combining with a reduction in the number of houses to rent, according to research by Savill’s in University cities. Toby Parsloe, research analyst at Savills, said, “The UK has a record 2.3 million full-time students, 91,000 more than last year. UCAS applications have remained elevated since the…
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UK University Student Accommodation Crisis
UK student accommodation is in short supply and this year’s freshers may be starting term in hotels or bunk beds. Specific Cases: Parent & Financial Concerns: Impacts: Additional Insights: Market Shifts: Final Thoughts: There’s an increasing strain on university student accommodation across the UK. Many students face uncertainty regarding their living situations, with some having…
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34% of Students May Live at Home This Year
More than a third of students going to university this year may live at home rather than renting student accommodation a study has found. 1. The Key Facts: 2. The Financial Context: 3. More Numbers: Living Expenses: 4. Repaying Student Loans: 5. The Bigger Picture: 6. What the Experts Say: Summary In essence, the rising…
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Increase in Rental Costs for Students
There’s been a surge in rental costs for student accommodation outside London, now averaging £10,227 per year. This is more than the maximum maintenance loan of £9,978 that students can access, making it challenging for those, especially from poorer backgrounds, to afford living expenses. High Demand & Limited Supply There’s an intense demand for student…
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Renters Reform Bill: Student Support
The National Union of Students (NUS) is championing the Renters’ Reform Bill. They believe it’s a significant step forward in protecting the rights of renters, particularly students. Here’s what you need to know: 1. What the Bill Aims to Do: 2. Why Some People Are Worried: 3. Arguments from the Students: 4. The Larger Housing…