A student landlord who charged a tenant £290 for cleaning two flies from a windowsill is under investigation by a landlord consumer body after a number of complaints.
Campbell Property, based in Pewsey, Wiltshire, has removed accreditation from the UK Association of Letting Agents from its website pending an inquiry. Continue reading Letting Firm Probe Follows Student Complaints
Speculative developers looking to cash in on the student housing boom have been warned numbers of halls of residence have reached saturation in some areas.
The writing is on the wall for some big developers as banks pull funding because they consider they are over exposed in the niche.
Birmingham’s Aston University has slammed councillors and developers for planning homes for students that are not needed.
The University claims developers have over estimated demand without considering how rising tuition fees will discourage students taking courses in the city. Continue reading Student Housing Demand Dries Up in Some Areas
Will changes in funding provide threats to private rented sector landlords or an incentive for parents of students to become landlords themselves to offset rising costs of education? Continue reading What Does the Future Hold For Student Landlords?
"More Universities are running into housing problems"
Universities in Oxford may have to put millions of pounds of developments on hold because protesters claim they have broken planning rules.
Oxford and Oxford Brookes Universities both signed agreements that limit the numbers of students that can live off campus – and residents have put together a census report that argues both have got their numbers wrong.
If the data is incorrect, Oxford University cannot move in to the new £500 million Radcliffe Observatory Quarter and Oxford Brookes must not open the £150 million Gipsy Lane campus. Continue reading Counting Error Could Hold up Student Developments
"Student housing hits more trouble"
The great rush for student lettings may be ending for the big corporate developers due to fears of over exposure in the market.
Property consultants EC Harris have revealed public spending cuts have drastically hit the student housing sector as universities do not have the cash to finance building more halls.
Private investors are now finding the banks cannot help – and 22 UK and European lenders have indicated they have no more funds for student developments.
The largest UK corporate developers – Unite and UPP – both changed their finance strategies recently to raise funds from shareholders or private institutions other than banks. Continue reading Banks Pull the Plug on Lending for Student Housing
"Development company fined £14,000 for unsafe student accommodation"
Builders who took safety shortcuts in a purpose-built private student hall of residence were ordered to pay more than £14,000 in fines and costs in court.
Cost Design Ltd and UK Real Estate Ltd – part of developers MCR Group – admitted breaching building regulations before Manchester Magistrates Court concerning the development in Grafton Street, Ardwick, Manchester.
The court was told that the 55-flat development failed to meet basic fire safety standards. Continue reading Rich List Builder Fined for ‘Death Trap’ Student Halls
"Students take more interest in good internet than anything else"
Students rate good internet access as their top priority when looking for a home.
A good online experience is better than value-for-money accommodation or a digs in a nice location.
Nine out of 10 opted for broadband as the number one concern in a survey of more than 15,000 students at universities and colleges across the UK. The National Student Housing Survey (NSHS) was trying to pinpoint what students look for when renting a home. Continue reading Students Don’t Mind the Quality but Opt for the Bandwidth
"Lack of student accomodation in London could be good news for landlords"
Student landlords in London can look forward to around thousands of students from the UK and overseas seeking private rented rooms for the next academic year.
University housing specialist CB Richard Ellis has reported that the capital has seen no publicly funded student accommodation provided in 20 years – and despite billions of pounds of private developments, universities and private halls providers can offer only 54,000 bed spaces. Continue reading Buoyant London Market Predicted for Student Landlords
"Town vs Gown rows due to to lack of adequate student lets"
Residents are failing to take a shine to glass and steel tower blocks to house students in university towns and cities.
‘Town v gown’ upsets are setting neighbours against each other in some communities in angry rows over noise, anti-social behaviour and falling housing standards.
With around 3 million students at the UK’s universities and colleges and only supplying on campus bed spaces for around a quarter of the number, private landlords are left to take up the slack.
The UK’s largest private student landlord, Unite Group, only has a capacity for around 42,000 students, leaving a huge number of students sharing houses in local communities.
Two cities at the vanguard of the debate are Oxford and York. Continue reading Student housing problems trigger ‘town v gown’ rows
"London is struggling to keep up with students"
London student rents are rising as students besieging accommodation providers outstrips the supply of available properties.
The capital has just 55,000 purpose-built student bed spaces chased by 283,500 students seeking a place to stay – with student numbers 6% up on last year’s total. Continue reading Five students chase every university bed space in London