Student accommodation giant reveals figures on Covid recovery

Student accommodation giant reveals figures on Covid recovery


Todays other news
Landlords will need to carefully navigate the challenges of tenant...
More than eight in ten (84%) of landlords are unprepared...
New research has found that the London Marathon route offers...
Beauchamp Estates, one of the best-known names in luxury property,...
Conveyancing solicitors and estate agency payroll teams are among those...
Returning execs and students boost rental market - agency


The largest provider of purpose built student accommodation in the UK, Unite, has issued a trading statement giving the latest state of play on occupancy rates.

It says 60 per cent of its 73,000 student rooms are now booked for academic year 2022/23 and that 70 per cent of those “checked in” so far this year – 2021/22 – are occupied.

The statement says: “Latest guidance from the Department for Education confirms that education settings will remain open for face-to-face teaching under the Government’s Plan B measures to combat Covid-19. 

“In our properties, over 70 per cent of checked-in students have already returned to their accommodation, which is in line with a typical year. We expect the remaining students to arrive shortly, following the start of the spring term.

 

“All of our properties remain open and operational and we continue to employ a range of measures in our buildings to reduce transmission of Covid-19 where possible. 

“This includes enhanced cleaning and physical and social distancing measures, as well as offering support to those students needing to self-isolate.”

The provider predicts a return to full occupancy and rental growth of between 3.0 and 3.5 per cent for the 2022/23 academic year. 

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.
Recommended for you
Related Articles
Opinion - what does Lloyds’ entry into the private rented sector reveal?
It's using what it describes as “unclaimed funds” to buy...
The party's youth wing is making housing a key issue...
Boom for student lettings sector as in-person attendance resumes
The data has been compiled by SpareRoom...
It was a very different picture pre-pandemic...
LRG - the former Leaders Romans Group - is issuing...
The sheet must be given to tenants by May 31...
The Renters Rights Act comes into effect on May 1...
Recommended for you
Latest Features
Landlords will need to carefully navigate the challenges of tenant...
More than eight in ten (84%) of landlords are unprepared...
New research has found that the London Marathon route offers...
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.