In the last three years there have been big changes in rent levels and the supply of student accommodation, driven and shaped by global and national economic turbulence. High inflation, high energy costs, high building costs and high interest rates have combined to produce unprecedented rises in rent. Because of this rapid change, Unipol have run a shorter version of their Accommodation Costs Survey across summer 2023.
This shorter survey is to test, quantify and evaluate the impacts of a highly challenging market environment. It looks at what has happened to rents in the past three years across 10 key city markets in the UK; why and how these impacts have arisen; and what the consequences of these challenging times are.