Lettings website, Accommodation for Students (AfS), reports that student numbers are growing and they are seeing increased demand.
Data from the Higher Education Statistics Agency states there were 2.7 million students at universities in 2021 and this is over 200,000 more than the previous year.
AfS state this trend is being fuelled by increasing numbers of domestic students and an increase in postgraduate students, who account for 50% of the growth. They also state it is likely that this trend will continue in the medium term, as the UK will benefit from an increase in the number of 18-year-olds which will increase demand further.
Their most recent research shows this positive trend is reflected in sentiment among landlords. The research asked landlords to rate their confidence levels on a scale of 10. The key findings were:
- Confidence was high with an average score of 7.7.
- 25% of responses scored 10.
- Over 60% of responses were 8 or over.
- 85% expecting to let all their properties in 2022 with only 4% not expecting this to be the case.
- 66% plan on a rent increase this year with a further 10% not yet sure.
AfS say that there is further good news for student landlords as students are now back on campus. In January they surveyed over 1,000 students and 91% of them were back on campus in some form or other.
They state this is important for 2022, as students can have confidence when looking for accommodation that will experience an on campus student experience.
AfS conclude “The evidence thus far points to the positive trend from 2021 continuing, with sustained growth in student numbers fuelling demand for shared housing, among an increasingly confident landlord audience.”