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Rents up by almost 20% as students feel credit crunch

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Published Date: 11 August 2008
STUDENT rents have risen by almost 20 per cent in four years, research suggests.
An undergraduate can now expect to pay £61.64 a week, up almost £10 from £52.44 in 2004.

The figures, based on 46,000 properties in 73 UK cities, were published by the website accommodationforstudents.com.

The highest in Scotland was St Andrews
, where rents topped £82 a week, followed by Edinburgh and Glasgow with average prices of £71.06 and £69.34 respectively.

London was still the most expensive place to study, with an average weekly rent of £102.65, the research showed.

The best value towns were Middlesbrough, Stoke, Wolverhampton, Crewe and Bradford where rents are between £40 and £45 a week.

The findings showed some "hot spots" where rents have risen well above the national average – renting in Exeter now costs around £78 a week, 35 per cent higher than the average of £58 five years ago.

Traditional universities such as Liverpool, Birmingham and Manchester are still good value, with rents between £52 and £57 – below the national average.

But others are increasing fast – in Leeds increasing student popularity has seen rents rise by 7 per cent in the past year to around £62 a week.

Simon Thompson, co-founder and director of Accommodation for Students, said: "The student accommodation situation has been worsened by the current credit crunch."



Page 1 of 1

  • Last Updated: 10 August 2008 10:23 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Soup kitchen,

11/08/2008 01:43:10
But don't worry, you get £4,600 a year loan to cover ALL your costs.

If that money doesn't cover medication then you don't GET medication. Ask Nicola Sturgeon, she scrapped that tax on the ill IMMEDIATELY as she promised, didn't she?

Scotland under Labour and the SNP invests more in disablility cheats than it does scientists and engineers.
2

Climate change is a fraud,

11/08/2008 08:26:14
They have enough money to go out drinking etc.
3

Soup kitchen,

11/08/2008 09:37:35
3 Climate change

You are obviously don't have a University education to talk with such spite.

3 Standard grades or O Levels was it? 2 Ds and a C, enough to get you that admin job at the cooncil though, eh?

Socialising is part and parcel of Uni. Students should be allowed to afford that. Getting to know other people, joining societies is all part and parcel of developing well-rounded and confident young adults.

Educated and confident young adults are essential if our society is to succeed. Sitting around watching the tele in overpriced accomodation is to no-ones benefit.
4

Scottish 'N British,

11/08/2008 12:19:38
Another kick in the teeth for students.

Student leaders are probably already seeking out a meeting with the Dynamic Duo with a view to getting the SNP to revisit their decision not to scrap student debt.



5

Linda,

Edinburgh 11/08/2008 14:47:02
Students have done better under SNP than any other government.

Every Scottish student £2300 a year better off.
London Labour doubles tax rate on student earnings from 10p to 20p.
6

Scottish 'N British,

11/08/2008 15:26:24
6

Clearly you're one who has forgotten your party's promise to scrap the lot, not just some of it.

True, the GES leaves student £2,300 better off. But as you are no doubt aware, the average Scots student graduates with around £13,500 of debt.

Is Salmond going to honour his promise to clear the remaining £11,500?

While you dwell on that, under Swinney's LIT 20% (50,000) of working students will find themselves hit, compared to 2.3% under Council Tax.

You're probably better off, though, so that's OK.




7

Saoghal Beag,

11/08/2008 19:57:34
7 how much did Leibour scrap?
8

Climate change is a fraud,

11/08/2008 20:43:17
#4

BEng(Hons) 1995
PhD 1999

and it's unversity.
9

Climate change is a fraud,

11/08/2008 20:44:15
I don't drink.

 

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