Rental growth in private-sector purpose-built student accommodation in Glasgow registered an increase of more than 19%. Student maintenance loans, meanwhile, have increased by just 2.8% over the same period. In light of this, next, we’ll take a look at how UK uni students are facing unprecedented rent rises.
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00:00 According to a report by real estate services firm Cushman and Wakefield, university students
00:06 in the UK are facing "unprecedented rate rises" amid record demand for accommodation.
00:12 Over the last decade, there has been an increase in almost 390,000 students in need of accommodation.
00:18 This combined with rising operational and development costs, high inflation and a declining
00:23 rate of new bed delivery is thought to have made rent skyrocket.
00:27 The average private sector rent outside London has gone up to more than £7,600 a year, which
00:33 accounts for 77% of the maximum student maintenance loan.
00:37 Many students are struggling to find affordable rooms as rents have jumped by more than 8%
00:42 overall this year compared to last.
00:44 According to Cushman and Wakefield, fewer than one in ten beds in major university cities
00:49 are now affordable to the average student in receipt of maintenance loans and grants.
00:54 .