Falling Student Numbers Spell Bad Times For Landlords

02 December 2012 Categories: News

Falling Student Numbers Spell Bad Times For Landlords

University fees across the country increased again this year, sparking worry for landlords who have properties available for the 2013 academic year. It is thought that the cost of living out while at university will now be too much for a lot of students to handle, especially as theirs fees may be up to three times the amount they expected them to be.

Those students who do still chose to start a university course may very well opt to stay at home rather than share with other students, in which case a large number of landlords could find themselves with empty properties for an entire academic year.

Caroline Kavanagh, managing director of Townends Lettings & Management, commented on the new, saying “We have noticed a real drop in the number of students looking to secure accommodation for next year.

“But with fees nearly three times as much as previous years, it’s hardly surprising that some are having to sacrifice the independence of sharing a student let and remain living at home with parents.”

Ms Kavanagh also warned that although landlords wouldn’t feel the effects of the fee hikes this year, they should be aware that the demand for student lets from September 2013 could drop off dramatically.