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Shortage in Student Rooms Sees Rents Rise by 10% in Top University Towns

Powered by a prominent undersupply of student accommodation and a growing demand, rents in some of the UK’s top university towns have increased by up to 10% annually, according to new research.

Powered by a prominent undersupply of student accommodation and a growing demand, rents in some of the UK’s top university towns have increased by up to 10% annually, according to new research.

The research, conducted by online flat-share platform SpareRoom.co.uk, found that across 30 of the UK’s top university towns and cities rents have increased by an average of 3.83% between 2015’s Q2 and 2016’s Q2, with some seeing rental costs raised by up to 10%.


According to SpareRoom.co.uk, student rents in selected cities across the UK have raised substantially due to critical shortages of student accommodation across the nation.


This is said to be worsened by a limited availability of rooms that can be rented by students, with figures showing nearly a third of rooms for rent in top university towns not currently available to students.


As the rental market struggles to cope with demand, in certain parts of the UK, 5 students are competing for every room available. Across the 30 of the UK’s top university towns and cities listed in the report, this trend appears more evident where the concentration of universities is higher.


Oxford has seen the highest rise, with rents increasing by 10% from 2015’s Q2 to 2016’s Q2 to an average of £557 per month; followed by Guildford with a 9% annual increase in rents to an average monthly rent of £574.


Large rental increases are not limited to Southern cities, as figures show Edinburgh in Scotland, Norwich in East Anglia and Manchester in the North West - all seeing rents rise by 7% over the same period.


Elsewhere in property, the Finance Act 2016 received Royal Assent on the 15th of September, excluding student accommodation from the higher residential Stamp Duty Rates.

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