16 May

Competition rising among students for flats to rent in Brighton & Hove

Competition rising among students for flats to rent in Brighton & Hove

Students seeking flats to rent in Brighton & Hove have been told that average rents in regional cities rose by 4.1 per cent in the year leading to December 2010, according to research by the Knight Frank Student Property Report Spring 2011.

The report found that imbalance in supply and demand is driving the strong rental performance of university cities in the regions, with some of the most popular locations found to be Kingston, Brighton, Edinburgh and Durham.

Meanwhile, students looking for flats to rent in London will find that rents have fallen by 3.6 per cent in the last year, although this saving could well be outweighed by the higher cost of living in the capital generally.

The Browne Review of higher education funding is set to lead to an application race among undergraduates this summer, as students try to find a place to live before the upcoming rise in fees in September 2012.

Additionally, competition for housing could be intense, as the latest application figures from UCAS showed a 7.7 per cent rise in interest from non-EU students.

"Once again students will find there is an undersupply of student accommodation to meet their needs," said James Pullan, Knight Frank's head of student property.

Interestingly, Knight Frank also believes that universities will begin to market accommodation stock to the private sector over the next five years, in a move that is expected to raise around £500 million for education institutions.

"With 40 higher education institutions, London has the highest concentration of students in the UK, but a structural undersupply of student accommodation providing value accommodation at an affordable rent," Mr Pullan went on to say.

"We consider London needs a further 100,000 student bedrooms."

People who look for flats to rent in Brighton & Hove will be among the 23,000 students studying at the University of Brighton, and may get a chance to see the university's low-carbon homes project The House that Kevin Built at the Faculty of Arts.ADNFCR-1222-ID-800535063-ADNFCR

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