Monday, Aug 09, 2010
Average student rent tops £65 a week with annual 4.3% rise more than double that of past two years
Guardian: Students hit with record rent increases
Students heading for university next month will be faced with record high rents, according to research by Accommodation For Students.
The average weekly student rent now stands at £65.30, a 4.3% increase on last year, according to the website, more than double the increase over the previous two years. The index, which has been running for 10 years, is based on more than 21,000 properties nationwide.
Website founder Simon Thomson says: "Landlords are having to pay higher fees and interest rates for buy-to-let mortgages and the providers of privately-run halls of residence are charging higher prices, pushing up prices of other student accommodation."
Posted by mark @ 10:08 AM (612 views) Add Comment
2 Comments
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1. drewster said...
Nobody else going to tackle this one? Ok, I'll bite.
"The average weekly student rent now stands at £65.30, a 4.3% increase on last year, according to the website, more than double the increase over the previous two years. The index, which has been running for 10 years, is based on more than 21,000 properties nationwide."
Are they looking at asking prices, or actual prices agreed? I suspect the former. That leads to an upward distortion in figures, because more expensive properties languish on the listings for many months, whereas cheap properties disappear quickly. Also there could be a self-selecting bias - maybe they only advertise higher-end properties, maybe they charge hefty listing fees so cheaper landlords don't advertise with them.
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