Student rents have risen 7% across the UK in the past 12 months, according to an Accommodation for Students’ survey, allowing buy-to-let investors to increase their rental yields.
The survey finds that since this time last year, the average weekly student rent has risen from £56 to £60. London remains the most expensive at £102 per week, followed by Cambridge (£84 per week), Guildford (£83), St Andrews (£82) and Oxford (£79).
The Scottish university cities of Edinburgh and Glasgow were also well above the UK average for weekly rents at £70 and £68 respectively. However, Englands redbrick universities of Birmingham, Manchester, Liverpool, Sheffield, Nottingham, Newcastle and Leeds all had below average weekly rents.
Director of Accomodation for Students, Simon Thompson, said: “Although southern universities are still more expensive for accommodation, with London way out front, some increasingly popular university locations have seen a corresponding rise in rents: Durham, Warwick and Loughborough are three good examples.”