Student accommodation in the UK

Swedish Accommodation Providers LSE visit

1pm. Welcome from Ian Spencer, Director of Residential Services at LSE and introduction to the visit from Dr Neil Jennings, NUS

1.05pm - Joanna Goodman, NUS. Student accommodation in the UK.

1.20pm - Ian Spencer, LSE. Student accommodation at LSE.

1.35pm - Q&A with Ian and Joanna 1.50pm - Aakash Naik, NUS. Student Switch Off at LSE. 2.00pm - Martin Bolton and Dan Reeves, LSE.

Sustainability in student accommodation at LSE. 2.10pm - Q&A with Aakash, Martin and Dan 2.15pm - Break 2.25 - 3.30pm - Visit to High Holborn Hall

Jo Goodman, Research and Policy Officer (Student Welfare)15 April 2013

Student accommodation in the UK

Residence patterns of English students

Undergraduates

Postgraduates

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

45%

49%

26%

9%

6%

2%

14%

15%

5%

18%

3%

2%

3%

4%Term time residence of HE students in EnglandData from NUS Pound in Your Pocket research

Private rented housing

Purpose-built accommodation (institutional)

Purpose-built accommodation (private)

Parental home

Own home

Social housing

Other property owned by me, family or friends

The purpose-built sector

An estimated 450,000 bed spaces in the sector 404,000 covered by three Codes of Standards:

– Two run by ANUK/Unipol– One run by UUK

Increasing financial pressure on institutions resulting in rapidly rising rents

Traditionally largely owned and run by institutions Now a more complex picture with private providers’

market share growing Recent fall in student numbers means that there is

now an oversupply in some areas However, as yet, there has been little competition

on price

2003-4 2004-5 2005-6 2006-7 2008-9 2009-10 2010-11 2011-12 2012-13 2013-140%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Proportion of purpose built market occupied by private providers

Accommodation Costs Survey

Research conducted every 2 – 3 years by NUS and Unipol

Aimed at institutions and private providers of purpose-built student accommodation (or halls of residence)

This year’s survey covered around 85 per cent of bed spaces

There have been huge changes in recent years to:– The level of rent charged– The types of room on offer– Who is providing these rooms

Rising rents: 2006 - 2012

Rising rents: Common room types

  Institution Nomination Private

Self catering single

£97.08 £97.05 £98.31

Self catering en suite

£122.81 £119.99 £122.33

Studio £134.40 £160.58 £188.09

Average annual rent across all providers and room types is £5,244.04

Consider in terms of maximum rate of basic loan for home student studying outside London of

£5,500

Contract Length

Institutions – 41 weeks Catered institutional – 37 weeks

Nomination agreements – 45 weeks

Private providers – 44 weeks

Rising rents: By region

Room types on offer

Room types on offer – by provider type

Student accommodation choices

Student carers, BME students and disabled students are less likely to live in halls

Any questions?Jo Goodman, Research and Policy Officer (Student Welfare)

Email: joanna.goodman@nus.org.uk

Phone: 07585969860

Student Accommodation at LSE

Ian Spencer, Director of Residential Services, LSE