Student accommodation in the UK. Swedish Accommodation Providers LSE visit 1pm. Welcome from Ian...
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Transcript of Student accommodation in the UK. Swedish Accommodation Providers LSE visit 1pm. Welcome from Ian...
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: [email protected]
Phone: 07585969860
Student Accommodation at LSE
Ian Spencer, Director of Residential Services, LSE