Students are more likely to rent good quality homes while away at university than worry as much about price or location, according to a new study.
Nevertheless, around two-thirds consider landlords are still charging them too much for accommodation, says the research by student housing provider FreshStart Living.
The poll findings revealed students care about quality of accommodation(35%) ahead of the cost of renting (33%) and property location (32%).
Discussing rents, one in eight (12%) said they would only pay £60-80 a week for housing, 60% felt £60 – £80 a week was OK, while 25% said they would stretch to £100-120 a week, but only 3% would consider paying £120-140 a week. No one would consider paying more.
The National Union of Students reckons the cost of renting for students has risen by more than a fifth (22%) over the past three years, with the average rents now poised to break the £100 a week barrier at £98.99 per week.
Half of students are worried about managing their money as average tuition fees increase to almost £9,000 annually from later this year. Almost all (96.8%) prefer to opt to live in private rented accommodation over university halls if private letting is more affordable.
More than eight out of 10 students (83%) believe more affordable student housing options should be available.
One student taking part in the poll, Adam Makki, 20, said: “Living at university is the easiest and most sociable way of living while studying. However, I wish there was more affordable student accommodation out there. It would help a lot.”
Manchester-based FreshStart Living targets derelict buildings in prime locations for development in to student housing.