Rents for student accommodation have increased by an average of 14.6% over the past two academic years, according to a new report from Unipol and HEPI, meaning they now swallow up nearly all of the average maintenance loan.
Student accommodation costs across 10 cities in the UK: Cost pressures and their consequences in Purpose-Built Student Accommodation (HEPI Report 166) provides an authoritative picture of student living, conducted in response to the unprecedent rent rises and supply issues witnessed over the past two academic years. It includes data voluntarily submitted by both universities and the 10 largest providers of Purpose-Built Student Accommodation operating across ten major regional university cities who collectively manage more than 125,000 beds in those cities.
The cities covered are:
- Bristol
- Exeter
- Glasgow
- Leeds
- Liverpool
- Nottingham
- Bournemouth
- Cardiff
- Portsmouth
- Sheffield
As expensive capital cities, London and also Edinburgh are deliberately excluded from the analysis, to give a more balanced view of rents outside of these markets.
