Rise in student rents slows down after admissions drop
Annual growth in student rents has slowed following the 7% drop in university admissions and the rise in tuition fees.
But private sector landlords offer better value to students than halls of residence. While the cost of a student flatshare room has gone up 3.9% in the last year, halls of residence costs have risen 5.5%. A student in a hall of residence now pays an average of nearly £1,200 more a year.
Research carried out by the website EasyRoommate shows the average cost of renting a room in a student flatshare across the major British university towns has grown 3% from £332 per month to £345. In contrast, average rents in non-student flatshares have grown 7.6% over the same period from £409 to £440 per month …