Student accommodation rental demand unchanged by pandemic
Em Morley - June 7, 2021
The UK’s rental demand for student properties has remained unchanged by the pandemic, research from student accommodation provider UniHomes has found.
Their research reveals which UK universities have seen consistent student demand, helping maintain rental yields in the surrounding areas.
UniHomes analysed rental yields in postcodes surrounding main campuses of the top 100 UK universities and considered how they’d changed since the start of 2020.
The University of St Andrews has seen the average rental yield increase from 3.4% to 5% since the start of the pandemic. Additionally, Aberystwyth University has also seen a notable increase, up from 4.6% to 5.9%.
Lancaster University has also seen the average rental yield increase by 1% since the start of last year, with Loughborough University, Falmouth University and Queen’s University Belfast seeing yields climb by 0.9%.
Edinburgh Napier University (0.8%), University of Leeds (0.8%), Manchester Metropolitan University (0.7%) and University of Edinburgh (0.7%) also make the top 10.
Phil Greaves, Co-Founder and Director of UniHomes, comments: “Despite the pandemic and the restrictions imposed around face to face teaching for much of the last university year, we’ve seen a consistent demand from students looking for properties.
“We understand that living away from home to attend university is a massive part of the student experience. Even now, most will have secured a property for the next academic year, however, we are still witnessing a high demand in key areas.
“This demonstrates the strength of the sector and with the appetite for student rentals only set to grow, we should see this positive trend continue as we approach the new university year.”
Table shows the top 10 universities for pandemic rental yield growth
Outcode – main home campus
Rental Yield – Jan 2021
Rental Yield – May 2021
Pandemic yield change
University of St Andrews
Queen’s University Belfast
Edinburgh Napier University
University of Leeds
Manchester Metropolitan University
University of Edinburgh
Average yields in each university outcode based on rental and house price market data sourced from PropertyData