Migration season for students
In this quick article we look at the number of students currently living in the private rental sector and the number who may continue to do so once graduated
- During university, 29% of students live in the private rental sector and following graduation, 47% plan to live in the private rental sector.
- With nearly 1.9 million students attending university full time in the UK, a potential 551,000 students will move into a private rental home in the next few weeks. Nearly 647,000 full time students graduate each year and therefore 304,000 graduates may move into a private rental home.
- In the UK, students in the private rental sector spend an average £568 on their share of rent a month, a total household rent of £1,468.
- Covid-19 will affect some decisions but 59% of students already at university secure their accommodation for the next academic year by the end of March and 27% get sorted before January. Source: Dataloft, Knight Frank, HESA
