There is still plenty of demand for student type accommodation despite early evidence of fewer university applications for 2012 due to higher fees and the economic downturn, according to property professionals.
Some sectors have argued that university towns could see fewer students needing rented accommodation within the relevant catchment areas. However, Caroline Kavanagh, group lettings director of Townends estate agents says there is no evidence of this.
'The recession now has been going for a number of years, and young students don't have the same financial backing from their parents anymore, meaning that university is just not an option for some since yearly fees rose to as much as £9,000. This has meant that there seems to be a new trend of fresh out of school or college students wanting to earn money straight away and not take the university route, and this has been supported by an increase in applications from this group,' she said.
Source: Property Wire
