The number of students actively looking for a flatshare across the UK has risen steadily since the beginning of the year, reaching its highest ever level in May. According to the latest figures by Easyroommate the demand for student accommodation has reached its 2014 peak.
The figures clearly show that the demand for rented accommodation across the country is on the increase, and it is primarily due to the fact that the university academic year has come to an end and both students and recent graduates are looking for accommodation.
Easyroommate.co.uk spokesperson Maya Harruna comments: “The summer period is typically the busiest period for flatsharing, however the increase in users show that more students are trying to get a jump on their fellow students, and are starting to look for a room earlier in the year.
Whilst the number of professionals typically outnumbers the total number of students looking for a flatshare, the overall number of students registered on Easyroommate as actively looking for accommodation has risen by nearly 40 per cent since January, with the majority of students looking in London, closely followed by Manchester, Edinburgh, Bristol and Brighton.
With more and more students worried about the rising cost of accommodation, it’s no surprise that the numbers of individuals choosing to live in shared accommodation has increased. The average amount that students are willing to spend on shared accommodation in London currently stands at £500 per month, in comparison the average rental asking price is in excess of £1,000.
Maya Harruna continues: “Living in some of the major student cities can be extremely expensive, so it’s to be expected that more and more students are turning to flatsharing. It’s the cheapest alternative and is a great way to meet new and interesting people.”
“Foreign students are also far outnumbered by the Brits, who account for nearly two thirds of the number of students looking for a shared house, followed by French and Spanish speaking students. The disparity between the two figures can be attributed in part to the fact that foreign students are typically guaranteed accommodation in halls of residence in their second and third year.”