Dynamic increments have happened in the cost of student’s rental accommodation in UK, with London, Guildford and Exeter being the costliest
Students renting with friends at university can be an excellent experience and a wiser choice to make, particularly after considering the ever increasing cost of student rental accommodation in London. As such in UK overall, living in a student house on rental basis has become more costly, with Guildford, London, and Exeter at the top of the charts. Lettings agents across the country have been receiving enquiries from worried students for more affordable long lets in London. With such a trend in student property, all the fresh graduates preparing to leave school after their results are out have started getting worried about the grades of course, and not to mention the cost of their housing which is up by almost an alarming 25% in various parts of the country.
The average weekly rent for a student accommodation has increased by 2.4% from £67 in 2011 to almost £69 this year in UK. Places like Hull have undergone a hike of 10 times the rents last year, rising almost by 25%. Rents in Hull have gone up from £48 a week in 2011 to £60 now. This increase in rents is followed by Lancaster with 24% and Durham with 20% hike respectively. With this, it doesn’t come as a surprise that London is the costliest region to rent accommodation as a student, with weekly average of £107.29.
A major factor contributing to the dynamic changes in student rental accommodation is their preference for certain universities. As the demand for rental accommodation in areas surrounding a particular university increase, it obviously pushes up the cost of rent significantly. For instance, Winchester, Durham, Lancaster, Exeter and Newcastle are going through this situation. The university regions namely Oxford and Cambridge have experienced student rent rising by as much as 7% to £86 per week and by 2% to £92.70 per week, respectively. Guildford and Exeter follow them with almost equally high average rent on a weekly basis. Students would like to know that the lowest student accommodation rents in the country are paid at the University of Glamorgan this year, averaging to a rent of £46 a week.
Also, accommodation costs are noticeably increasing for some student accommodation in London, specifically for those students wishing to stay in the contemporary developments of high-end areas like Knightsbridge, Chelsea, Highgate, etc. There are students who are willing to stay in expensively priced houses with all modern facilities, but they are mostly the overseas student from all over the world, supported by their rich parents.
Students renting with friends at university can be an excellent experience and a wiser choice to make, particularly after considering the ever increasing cost of student rental accommodation in London. As such in UK overall, living in a student house on rental basis has become more costly, with Guildford, London, and Exeter at the top of the charts. Lettings agents across the country have been receiving enquiries from worried students for more affordable long lets in London. With such a trend in student property, all the fresh graduates preparing to leave school after their results are out have started getting worried about the grades of course, and not to mention the cost of their housing which is up by almost an alarming 25% in various parts of the country.The average weekly rent for a student accommodation has increased by 2.4% from £67 in 2011 to almost £69 this year in UK. Places like Hull have undergone a hike of 10 times the rents last year, rising almost by 25%. Rents in Hull have gone up from £48 a week in 2011 to £60 now. This increase in rents is followed by Lancaster with 24% and Durham with 20% hike respectively. With this, it doesn’t come as a surprise that London is the costliest region to rent accommodation as a student, with weekly average of £107.29.
A major factor contributing to the dynamic changes in student rental accommodation is their preference for certain universities. As the demand for rental accommodation in areas surrounding a particular university increase, it obviously pushes up the cost of rent significantly. For instance, Winchester, Durham, Lancaster, Exeter and Newcastle are going through this situation. The university regions namely Oxford and Cambridge have experienced student rent rising by as much as 7% to £86 per week and by 2% to £92.70 per week, respectively. Guildford and Exeter follow them with almost equally high average rent on a weekly basis. Students would like to know that the lowest student accommodation rents in the country are paid at the University of Glamorgan this year, averaging to a rent of £46 a week.
Also, accommodation costs are noticeably increasing for some student accommodation in London, specifically for those students wishing to stay in the contemporary developments of high-end areas like Knightsbridge, Chelsea, Highgate, etc. There are students who are willing to stay in expensively priced houses with all modern facilities, but they are mostly the overseas student from all over the world, supported by their rich parents.
