A free-to-list rentals platform, StudentTenant.com, has called for more landlords to invest in student housing after finding that demand around UK universities is still vastly exceeding supply.
The firm’s research uncovered a growing trend of students starting their studies without somewhere to live.
StudentTenant took each university in the UK and used the student search function on a leading property portal to award each institution a score based on the level of student housing listed and properties that had already had a let agreed.
Despite being four months into the current academic year, a number of universities are still ranking extremely highly where demand for student housing is concerned.
The University of Exeter tops the list with an astonishingly high score of 62%. The next closest competitor is a three-way tie between the University of Reading, the University of Bath and Bath Spa University, with demand of 53%.
StudentTenant warns that there has been an alarming increase in the number of students unable to secure accommodation before starting their studies.
The University for the Creative Arts in Farnham is perhaps one of the most extreme cases. Ranked in fourth place, with demand of 50%, some of the current first year students were forced to camp in the university grounds because they didn’t have anywhere to live.
The University of Roehampton and Durham University have a 49% demand level, and are closely followed by the University of Essex, at 43%, and Lancaster University, at 42%.
Tenth place goes to Royal Holloway, part of the University of London, with 38% demand.
The Managing Director of StudentTenant, Danielle Cullen, says: “We feel that it is simply unacceptable that students, as they have in Farnham, are forced to camp within the university campus due to a severe shortage of housing.
“Housing for students should be a priority. These pupils have worked hard to prepare for their education and to arrive without a place to sleep is worrisome. With many universities still seeing high levels of demand for student property this far into the term, it doesn’t bode well for those looking to arrive next year.”
She adds: “Considering the tuition and fees that these pupils are paying, it is simply not good enough that they can’t secure a place to live.”
Landlords are being called upon to look to the areas highlighted above for their next investment property. If you are considering a future buy-to-let investment, these spots may just provide the returns you’re looking for – you are guaranteed a high level of demand and student tenants are typically very reliable.
If you do decide to invest in student housing, remember that you must protect your property against damage with Landlord Insurance. Our policy has been rated 5-star by Defaqto and includes 33 essential covers as standard: https://www.justlandlords.co.uk/landlordinsurance