Latest news with #StuRents
Times
06-05-2025
- Business
- Times
Student accommodation bookings down on last year
Student dorm reservations have fallen for the next academic year in all but three of the UK's largest university towns and cities, data shows. Even renowned university cities such as York, Sheffield and Nottingham have not escaped the slowdown in leasing across the student accommodation industry. Data from StuRents, dubbed the equivalent of Rightmove for student lettings, shows that at the end of March just 36 per cent of all student rooms had been rented out for the next academic year, which begins in September. That compares with 46.3 per cent at the same point last year and a peak of 51.5 per cent in 2023. Only in Aberdeen, Coventry and Swansea are the number of dorm reservations higher than a year ago. Even so, fewer than 30 per cent of beds in Coventry have already been booked, among the lowest in the country.
Business Times
30-04-2025
- Business
- Business Times
UK student homes taking longer to fill on weaker overseas demand
[LONDON] The proportion of UK student dorms that are leased for the next academic year has fallen sharply as a post-pandemic boom that's lured a plethora of the world's biggest private equity firms begins to fade. As of March, just 36 per cent of beds available for September had been signed, down from 46 per cent from a year earlier, according to data compiled by StuRents, an online portal for student accommodation. That's the lowest since the company began compiling the data four years ago and represents a more than 15 percentage point drop from the peak in March 2023 when more than half of beds were already accounted for, StuRents' data show. The historic under-supply of the kind of purpose-built accommodation that most appeals to wealthy overseas students has attracted a raft of global investors to the sector. Apollo Global Management, EQT Exeter, Brookfield and Lone Star are among sellers currently offering £2.5 billion (S$4.37 billion) of student housing for sale, Green Street News reported, while Blackstone's vast IQ Student Accommodation business is among its largest real estate bets in Europe. The post-pandemic surge in leasing caused by pent up demand 'has proved to be temporary,' said Richard Ward, the head of research at StuRents. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up 'We have seen a softening in leasing velocity, particularly in markets where development pipelines resulted in an uptick in accommodation just as international student numbers, especially at the postgraduate level, began to decline.' International students have become pivotal to the financial fortunes of both the UK higher education sector and the investors betting on student housing, given the higher fees paid and a propensity to stomach higher rents than domestic peers. While the number of European Union applicants has fallen significantly since Brexit, until recently that has been largely offset by a rise in foreign students from outside the bloc. But changes to visa requirements and increased competition from other countries have begun to impact numbers. And that's being compounded by a cost of living crisis that has encouraged some domestic students to skip university in favour of paid work. The number of both UK and non-UK university entrants is significantly below the sector's forecasts for 2024-2025, according to research published in November by the Office for Students. The headline data indicating supply shortages masks a more nuanced reality where some university towns and cities are starting to see a surfeit of space, according to Ward. Still, there are early indications that US President Donald Trump's targeting of US universities could lead to an increase in interest from students applying to study in the UK. 'Several cities that were previously considered strong student markets from an investor's perspective are likely to continue to experience challenges in filling beds over the next few academic cycles,' Ward said. 'The UK higher education market remains an attractive proposition for international students, albeit the current financial difficulties faced by many institutions should be closely monitored.' BLOOMBERG
Economic Times
30-04-2025
- Business
- Economic Times
UK student homes taking longer to fill on weaker overseas demand
Bloomberg Live Events You Might Also Like: India may need to check its high hopes on a UK visa bonanza amid FTA push The proportion of UK student dorms that are leased for the next academic year has fallen sharply as a post-pandemic boom that's lured a plethora of the world's biggest private equity firms begins to of March, just 36% of beds available for September had been signed, down from 46% from a year earlier, according to data compiled by StuRents, an online portal for student accommodation. That's the lowest since the company began compiling the data four years ago and represents a more than 15 percentage point drop from the peak in March 2023 when more than half of beds were already accounted for, StuRents' data historic under-supply of the kind of purpose-built accommodation that most appeals to wealthy overseas students has attracted a raft of global investors to the sector. Apollo Global Management Inc., EQT Exeter, Brookfield and Lone Star are among sellers currently offering £2.5 billion ($3.3 billion) of student housing for sale, Green Street News reported, while Blackstone Inc.'s vast IQ Student Accommodation business is among its largest real estate bets in post-pandemic surge in leasing caused by pent up demand 'has proved to be temporary,' said Richard Ward, head of research at StuRents. 'We've seen a softening in leasing velocity, particularly in markets where development pipelines resulted in an uptick in accommodation just as international student numbers, especially at the postgraduate level, began to decline.'(Join our ETNRI WhatsApp channel for all the latest updates)International students have become pivotal to the financial fortunes of both the UK higher education sector and the investors betting on student housing, given the higher fees paid and a propensity to stomach higher rents than domestic peers. While the number of EU applicants has fallen significantly since Brexit, until recently that has been largely offset by a rise in foreign students from outside the changes to visa requirements and increased competition from other countries have begun to impact numbers. And that's being compounded by a cost of living crisis that has encouraged some domestic students to skip university in favor of paid number of both UK and non-UK university entrants is significantly below the sector's forecasts for 2024-2025, according to research published in November by the Office for headline data indicating supply shortages masks a more nuanced reality where some university towns and cities are starting to see a surfeit of space, according to Ward. Still, there are early indications that President Donald Trump's targeting of US universities could lead to an increase in interest from students applying to study in the UK.'Several cities that were previously considered strong student markets from an investor's perspective are likely to continue to experience challenges in filling beds over the next few academic cycles,' Ward said. 'The UK higher education market remains an attractive proposition for international students, albeit the current financial difficulties faced by many institutions should be closely monitored.'
Time of India
30-04-2025
- Business
- Time of India
UK student homes taking longer to fill on weaker overseas demand
The proportion of UK student dorms that are leased for the next academic year has fallen sharply as a post-pandemic boom that's lured a plethora of the world's biggest private equity firms begins to fade. #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats As of March, just 36% of beds available for September had been signed, down from 46% from a year earlier, according to data compiled by StuRents, an online portal for student accommodation. That's the lowest since the company began compiling the data four years ago and represents a more than 15 percentage point drop from the peak in March 2023 when more than half of beds were already accounted for, StuRents' data show. The historic under-supply of the kind of purpose-built accommodation that most appeals to wealthy overseas students has attracted a raft of global investors to the sector. Apollo Global Management Inc., EQT Exeter, Brookfield and Lone Star are among sellers currently offering £2.5 billion ($3.3 billion) of student housing for sale, Green Street News reported, while Blackstone Inc.'s vast IQ Student Accommodation business is among its largest real estate bets in Europe. The post-pandemic surge in leasing caused by pent up demand 'has proved to be temporary,' said Richard Ward, head of research at StuRents. 'We've seen a softening in leasing velocity, particularly in markets where development pipelines resulted in an uptick in accommodation just as international student numbers, especially at the postgraduate level, began to decline.' (Join our ETNRI WhatsApp channel for all the latest updates) Bloomberg International students have become pivotal to the financial fortunes of both the UK higher education sector and the investors betting on student housing, given the higher fees paid and a propensity to stomach higher rents than domestic peers. While the number of EU applicants has fallen significantly since Brexit, until recently that has been largely offset by a rise in foreign students from outside the bloc. Live Events You Might Also Like: India may need to check its high hopes on a UK visa bonanza amid FTA push But changes to visa requirements and increased competition from other countries have begun to impact numbers. And that's being compounded by a cost of living crisis that has encouraged some domestic students to skip university in favor of paid work. The number of both UK and non-UK university entrants is significantly below the sector's forecasts for 2024-2025, according to research published in November by the Office for Students. The headline data indicating supply shortages masks a more nuanced reality where some university towns and cities are starting to see a surfeit of space, according to Ward. Still, there are early indications that President Donald Trump's targeting of US universities could lead to an increase in interest from students applying to study in the UK. 'Several cities that were previously considered strong student markets from an investor's perspective are likely to continue to experience challenges in filling beds over the next few academic cycles,' Ward said. 'The UK higher education market remains an attractive proposition for international students, albeit the current financial difficulties faced by many institutions should be closely monitored.'
