Overseas student boost to London rental market

Overseas student boost to London rental market


Todays other news
The first phase of the measures comes in on May...
Courts are expected to come under pressure from the Renters...
The analysis was undertaken by Hamptons, using Connells landlord client...
The new landlord Ombudsman is phase two of the Act...
Asking rents are now 3.7% below the rate at this...
New figure revealed for rent increases as every region shows a rise


An analysis by investment consultancy London Central Portfolio suggests Asian students in particular favour London as a study location.

The consultancy has looked at data from the Higher Education Statistics Agency to find what it calls “a continued positive trend in Chinese student enrolments into the UK” with 15 per cent growth in Chinese student enrolments in 2019/20 – the highest rate seen in recent years.

Of those Chinese students, over a fifth came to London.

Andrew Weir, LCP’s chief executive, comments: “The UK’s safe haven status, diverse and liberal culture has attracted overseas students who would have previously studied in the US. The US has not seen growth rates above five per cent since 2017, this contrasts with a 15 per cent growth rate in the UK in 2019/20.”

He continues: “Despite fears Brexit may impact the UK and London’s status as a global city, the number of first year overseas students from the Asia region now vastly outnumbers the total number of students from all EU countries combined.”

LCP says there has been a recent surge in students from India enrolling into UK higher education establishments, almost doubling in 2019/20 compared with the previous academic year. 

It adds that a new generation of overseas students view the UK as a desirable place in which to reside and study with London taking pole position; approximately one in five Asian students enrolling to study in the UK choosing London for their higher education in 2019/20.

“Whilst the pandemic has disrupted the usual seasonality of the rental market, if future enrolments reflect existing trends then prime London property is set to return to its former dynamic self enjoying a significant recovery once international travel restrictions are lifted” comments Weir.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Number of deposits lodged with schemes drops below 100,000
The RICS survey is a monthly sentiment snapshot...
Six applicants for every available rental home - Propertymark
The latest data is supplied by Propertymark...
Renting now dearer than buying in most big cities - bank data
The property has close connections to the James Bond author...
Net Zero initiative backed by fledgling rental trade group
The councils say that with government help, they could unlock...
It was thought at one stage that the Bill would...
It appears Knight Frank was involved at one stage...
Recommended for you
Latest Features
The first phase of the measures comes in on May...
Courts are expected to come under pressure from the Renters...
The analysis was undertaken by Hamptons, using Connells landlord client...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.