British students forced to overpay on rent as corporate landlords prioritise higher-income international students
by marketrent
British students forced to overpay on rent as corporate landlords prioritise higher-income international students
by marketrent
10 comments
Excerpts :
*Two thirds of purpose-built student housing is now offered on a one-year contract, forcing those who only rent during term time to pay an extra £2,000 in some cities.*
*Expensive studio apartments now also make up nearly half (45pc) of all purpose-built student accommodation in developers’ pipelines in the UK today, according to accommodation portal StuRents.*
*Richard Townsend, a consultant at Cushman & Wakefield’s student accommodation advisory, said in the Russell Group cities there has been “a significant shift” in corporate landlords offering longer contracts to meet demand from more international and postgraduate students.*
*The Telegraph revealed last year that universities were sharply increasing the proportion of international students – who pay much higher fees – in a “desperate scramble” to keep up funding levels, while some leading universities are relaxing minimum grade requirements for overseas students.*
*Alistair Kemp, a director at estate agency Savills who advises student accommodation providers, said this “much higher growth rate” has led to a reliance on international students to “supercharge” property investment growth.*
*Mr Kemp added: “Universities have targeted non-EU students because the fees they can charge are higher [up to £38,000 versus the £9,250 cap for domestic students]. They’ve also just struggled through Covid, a time during which international students couldn’t make it onto campus.*
*“When there’s an election year, immigration is always at the forefront. The Government has easy levers it can pull – namely, visa rules – to limit it but I don’t think the Government wants to harm the UK education system.”*
*Last month, The Times revealed that foreign students can buy their way onto competitive degree courses with C grades at GCSE while British students need to have A or A** *grades at A-level.*
I went to uni in the 90s and that was the case back then.
Just look at the Canada subs to see the disaster that running international student visa mills has inflicted on the local population
“Vested interests” and the UK.
Name a more iconic duo.
The problem is just the lack of housing in general.
Obviously, every landlord would love to rent their property to some super rich guys who are willing to pay a very high rent but normally there are more houses to rent than super rich guys so the price can’t rise so much.
But when you have a shortage then they can just rent to the rich guys.
If they built more housing then this wouldn’t be a problem. It’s only a problem because of the housing shortage.
450000 with another 150k dependents last year will do that
Just another way of saying boomers opposing new housing realise their kids have to pay the price too
While all the while international students pays more on their tuition.
The problem isn’t students, it’s the commercialisation of university and the cooperate landlords trying to put a paywall between people and education.
Around me they’ve built a lot of these high rises like this on former industrial ground. It seems like an incredibly good use of space to me. It’s not like if they weren’t built for students the sites would magically become council houses.