Rent rises for students double those for non-student properties
Over the past twenty years student rents have risen by 55.5%, compared to 24% for non-student properties. These figures are reported by London agency, Benham & Reeves Residential Lettings who undertook a survey of its offices and their prospective student properties and tenants.
In addition to average, monthly spend figures the survey also shows that the number of sharers per property has markedly decreased.
The agency commented that despite the advent of university fees, students are demanding well maintained and decorated properties with high speed internet, ensuite bathrooms and modern kitchens. This contrast with the stereotypical view of substandard, student accommodation.
Full story available from Letting Agent Today: https://www.lettingagenttoday.co.uk/breaking-news/2016/8/student-rents-have-risen-more-than-double-level-of-mainstream-rents