The Student Housing Shortage: A Call for More Properties

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  • The Student Housing Shortage: A Call for More Properties

As the number of students attending higher education continues to rise, the demand for student housing has also increased significantly. However, the supply of student properties has not kept pace with this demand, leading to a shortage of affordable and adequate housing for students.

This shortage is having a number of negative consequences for students, including:

  • Increased costs: Students are often forced to pay high rents for cramped and substandard accommodation. This can put a significant strain on their finances and make it difficult to afford other necessities, such as food and textbooks.
  • Reduced quality of life: Students who live in overcrowded or poorly maintained accommodation are more likely to experience stress, anxiety, and other health problems. This can impact their academic performance and overall well-being.
  • Difficulty finding suitable housing: Students may struggle to find housing that is close to their campus, affordable, and meets their needs. This can make it difficult to find a place to live and can delay the start of their studies.

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The student property market is a dynamic and ever-evolving landscape, offering lucrative opportunities for investors and landlords alike. However, accurately valuing student properties can be a complex process, often requiring a nuanced understanding of local market conditions, tenant demographics, and property-specific factors.

In order to address the student housing shortage, there is a need for more investment in student housing. This could include:

  • Building new student housing complexes: This would provide much-needed additional housing for students.
  • Converting existing buildings into student accommodation: There are many vacant or underused buildings that could be converted into student housing. This would be a more cost-effective way to increase the supply of student properties.
  • Providing incentives for landlords to rent to students: This could include tax breaks or other financial incentives.
  • Encouraging institutional investment: Universities and colleges could invest in student housing, either by building their own properties or partnering with private developers.

If you have a property you are thinking of renting out but unsure on the current rental value, contact our lettings manager Beth Roberts today on 01273 724000 for a free valuation.

In addition to investing in new student housing, there is also a need to make existing student housing more affordable. This could be done by:

  • Regulating rents: This would prevent landlords from charging excessive rents.
  • Providing subsidies or other forms of financial assistance to students: This would make it more affordable for students to rent accommodation.
  • Encouraging energy efficiency: This would help to reduce students’ energy bills.

Factors Influencing Student Property Valuation

Several factors contribute to determining the value of a student property:

  1. Location: Proximity to universities, transportation hubs, and amenities significantly impacts property value.
  2. Condition and Amenities: The property’s overall condition, including age, maintenance, and amenities like modern kitchens and bathrooms, plays a crucial role.
  3. Size and Layout: The number of bedrooms, bathrooms, and overall living space influence property value.
  4. Rental Income Potential: The property’s potential rental income, based on comparable market rates, is a key valuation factor.
  5. Demand and Supply Dynamics: Local market conditions, including supply and demand for student housing, can affect property values.

The student housing shortage is a serious problem that is having a negative impact on the lives of many students. By investing in new student housing, making existing student housing more affordable, and taking other measures to address the shortage, we can help to ensure that all students have access to safe, affordable, and quality housing.

A professional student property valuation is an invaluable tool for investors and landlords, providing a clear understanding of property value, maximizing returns, and ensuring informed decision-making. By engaging a qualified valuer, you can navigate the student property market with confidence and reap the rewards of this dynamic investment sector. If you are thinking of renting your property out to students contact us today by clicking here.

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google-review Review
Tegan
Tegan
17:30 22 Feb 24
Have been very accommodating and helpful when calling agents. They have been very helpful in being able to secure a house for students.
TheFlyingCrocodile
TheFlyingCrocodile
16:42 21 Feb 24
Went above and beyond to get things sorted for me
Brittany Stace
Brittany Stace
11:18 24 Jan 24
Harringtons have been incredibly helpful and supportive of us as new renters and they have been super efficient in getting all of the documents sent through and signed in such a short period of time. Thank you!
Georgie Prebble
Georgie Prebble
20:36 05 Jan 24
Jade Innes
Jade Innes
10:24 04 Jan 24
So far the service has been good. The staff are very friendly and quick to respond to any questions and requests.
Polly Smith
Polly Smith
11:17 28 Dec 23
we chose this letting agents as they chose a good bills company that is much cheaper than other agents. When viewing houses the staff were very friendly and have been very helpful in answering our questions and making the process as easy as possible.
Emma Howe
Emma Howe
16:06 14 Nov 23
I would rate Harringtons Lettings a 5/5. Very lovely on the phone and very quick and easy to communicate with via email. Any problems have been resolved in no time at all. So far so good!I found Harringtons via Rightmove.
Akwisitions Feedback
Akwisitions Feedback
16:25 30 Oct 23
Very responsive and super helpful throughout the process. Highly recommended!
Chloe Ballard
Chloe Ballard
17:28 02 Oct 23
Although I have only been renting with Harringtons for a short period of time, I have had nothing but a positive experience. From viewing to admin updates. The admin team especially are very polite and quick to respond and I have no doubt that the rest of my tenancy will run smoothly. I would recommend to anyone considering renting in brighton.
Matthew Ball
Matthew Ball
11:46 19 Sep 23
Professional communication with tenant although entirely impersonal. There was a bigger disconnect in their communication with the landlord in most cases, which seemed to be either slow or non-existent (discovered after contacting the landlord directly).Property was full of spider webs on day 1 despite apparently being professionally cleaned. Took a day off of work to clean it on move out day, leaving it cleaner than when it received but still had to pay part of the deposit for professional cleaning.It has been a while since I have rented, but I'll avoid letting agencies completely now if this is anything close to the average renting experience.
Ronan SK
Ronan SK
12:38 12 Sep 23
Great professionalism/communciation from the start up until the end of my tenancy. Definitely set the standards for what agencies should be like. Highly recommend to those within Brighton.
Daniel Sutton
Daniel Sutton
10:29 24 Aug 23
I have rented with Harringtons Lettings before and have always found the agents to be quick, efficient, friendly and helpful. I loved their service so much I have chosen to rent with Harringtons again. Faultless 😊
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