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New research shows rent for student accommodation is on the rise

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Published Date: 11 August 2008
STUDENT rents have risen by almost 20 per cent in four years, research suggests today.
An undergraduate can now expect to pay £61.64 a week, up almost £10 from £52.44 in 2004. In Edinburgh, this rises to £71.06.

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

Lo
ndon was still the most expensive place to study, with an average weekly rent of £102.65.

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

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

The findings showed some "hotspots" 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.

Simon Thompson, co-founder and director of Accommodation for Students, said: "Not only are costs going up but availability has been reduced as many former student landlords are now renting to young professionals who can no longer afford to get on the property ladder."





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  • Last Updated: 11 August 2008 10:17 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
1

Cynicaltalk,

11/08/2008 13:46:39
Yet they can still afford to fly to China and haul their weedy backside up a pole..........
2

A Friend of Fernando Poo,

11/08/2008 17:56:27
I was just reading an article yesterday about how rents in London have fallen 10% in a year due to the number of people who can't sell houses and so rent them out instead.

 

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