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Students Paying More in Private Rents in 2016

Rents in the student private sector have risen for the 2016/17 academic year, with students’ expectations for their accommodation changing, according to new research.

Rents in the student private sector have risen for the 2016/17 academic year, with students’ expectations for their accommodation changing, according to new research.

According to research by Glide Utilities, a specialist student service provider, private rents in student accommodation have risen again this year, with students now paying £10 more per week for the 2016/17 academic year, or £43 more a month.


As the majority of students now pay on average more than £100 per week in private rental costs, their expectations of accommodation have also changed, according to data from Glide Utilities’ annual 'What Students Seek' report.


64% of students surveyed said that they seek accommodation that provides double beds, while 40% only choose rooms with en-suite facilities. 67% of also indicated that their preference was to pay for their utilities together with their rent.


The majority of students in private accommodation also believe that current rental prices represent good value for money and 76% claim to be satisfied with their accommodation.


Findings from the report also show that an increasing number of students are putting aside traditional methods to find accommodation and are instead utilising search engines, such as Google, instead.


The proportion of students searching accommodation online now stands at 59%, whilst just 25% have continued to use the traditional method of a letting agent to find their accommodation.


Moreover, 58% of students are using dedicated online portals, compared to 44% who prefer going to the university’s accommodation office.


Commenting on the findings Glides Utilities’ CEO, James Villarreal said: “In line with national rent increases, the cost for private student accommodation is also on the rise, which must be a consideration for students budgeting their time at university.

"Avoiding additional costs created by bills is one way students can help to manage their expenditure, which is why we’re seeing a greater demand for bills-inclusive rates from students, and more landlords offering this as standard. Our report highlights what students are looking for in their accommodation and how they go about finding the right place to meet their needs.”


Similarly, findings compiled by estate agent Benham & Reeves found last month that rents in the student sector have risen by up to 60% over the past two decades, as demand for private student accommodation continues to outstrip the current supply.