The rental business for student accommodation
From an article in this week’s Economist:
- 1:4 students live in purpose built halls of residence
- in 2006, 82% were owned by universities; the figure is now 59%
- private halls are 40% more expensive
- London rent average is £220 per week ( in digs in 1978, in Newcastle,
- I paid a rent of £1:85 per week, although the building was subsequently condemned)
- private halls have increased their rents by 20% since 2012.
- ‘UCL have put up rents by 56%’ since 2009 (UCL put the figure at 40%)