Experts at vienna woods apartments banking group RBS recently described investment in student accommodation as a sector bubbling with opportunity , while independent property consultancy Jones Lang LaSalle described it as the must have asset class of 2015.
Some privately built blocks have nomination agreements with universities, which means a percentage of their rooms are rented out at lower prices set by the academic institution. Yet while the students who live in such developments might rosewood apartments murfreesboro enjoy kicking back in front of their flatscreen TVs, the proliferation of such accommodation is zaporozhye apartments contributing to the overall affordability crisis affecting students, according to Colum McGuire, who was, until recently, the vice-president of welfare at the National Union of Students.
In a crystal village apartments meeting of the Greater London Authority housing committee earlier this summer about purpose-built student accommodation in the capital, McGuire rosewood murfreesboro apartments said: Our last accommodation costs survey showed that rent had doubled over a period of 10 years, and that, for me, shows that there is not any clear correlation to the cost of living or to inflation.
There is a problem with the commercial vienna woods apartments market and how it is driving up prices.
Roland Shanks, a senior adviser at the windover woods rosewood apartments murfreesboro apartments University of Londons Housing Services, agrees.
When private developers first came into the market it was, in some ways, a good orchard on the green apartments thing for universities, as they met a need that otherwise wasnt being met, he says. However, the problem was that everyone then piled into the market and now this type of accommodation is considered the market rather than a niche. He believes that, with burgeoning student numbers, more purpose-built blocks are needed but that more of these need to be at rents affordable to the average student.
A recent survey from the University of London found that the average rent paid by a student, whether in halls or houses, in London, including utility bills, is 150 a week; the average rent paid by students living in privately let halls, within the party apartments in glasgow survey, was 233 per week.
Yet the survey also found that only 14% of students coming to London were budgeting for more than 200 a week.
The most expensive student accommodation 3 in the country is thought to be at Assam Place, situated in east London, where the best rooms rent out for as much as 800 a week.
And the Observer has learned of a student development in the pipeline that includes planning for a swimming pool and a bowling alley.
A small minority of students may be happy to pay the exorbitant amounts charged by private providers, but many more take on lets that they cannot really afford, because cheaper accommodation is already fully booked, says Tom Robinson, welfare officer at University College Londons union.
Either that or they are forced to live prohibitively far from university or in situations that are hazardous to their health because they cannot afford anything better.
While plenty of universities are eager to point the finger at the private developers when it comes apartments for rent in brickell fl to cost, the NUS says it is the academic institutions that are as much to blame for the rise in rents. They have let privatisation of accommodation happen, which has resulted in the higher prices, says Shelly Asquith, who has just taken over from McGuire rosewood apartments murfreesboro at the NUS. Not only have universities indianwood apartments sold off a lot of their old willow creek apartments michigan stock to rosewood apartments murfreesboro private developers, but they also willow creek apartments michigan invested money themselves in less affordable accommodation.
Most universities are not being very philanthropic about the way they are building, he says. I think the big question for them is, is there a sufficient range of accommodation so that if students dont want to pay the high end they dont have to?
He continues: The problem is if you dont have a clear strategy about retaining low-cost accommodation and that should be for about a quarter of all students there is a danger you knock down the old stuff and slowly over time you dont have anything affordable to offer.
The GLA meeting rosewood apartments murfreesboro is likely to lead to some improvement for poorer students wanting to study in the capital.
The proposal on the table is that any developer building student accommodation going forward must make a proportion of that affordable housing.
This is the same requirement that is already in place in meadowview apartments mankato the wider market for any new build over a certain size.
The NUS is supportive rosewood apartments murfreesboro of the move, but has concerns about exactly how the definition of affordable will be determined.
It also doesnt solve the issue of affordability elsewhere in the country.
A recent report into student housing in Exeter by Citizens Advice criticised the social detriment of too much purpose-built accommodation.
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