# Expectations rocket as university students prepared to pay more for their accommodation
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-05-26
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: New UCAS Data: Rise in Student Rent Costs
Meta Description: Discover how the increase in student accommodation standards is driving up rent costs, as students demand more from their living spaces. Learn more here.
URL: https://financedigest.com/expectations-rocket-as-university-students-prepared-to-pay-more-for-their-accommodationhtml

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- **Proportion of students paying higher rents has shot up (UCAS)**
- **Students who pay more, demand more (Collegiate AC)**
- **88% of students are happy in their accommodation (UCAS)**
- **Durham’s Ernest Place, with sauna, gym, cinema and rooftop bar, highlights new standards being set (Collegiate AC)**

Newly published data from UCAS has shown that 88% of the UK’s students are happy in their accommodation. That’s [despite rising](https://www.financedigest.com/soccer-european-revenues-rise-10-in-2020-21-despite-covid.html "Soccer-European revenues rise 10% in 2020-21 despite COVID") rent costs. In fact, it may well be directly because of [rising rent costs](https://www.financedigest.com/fortum-says-rising-costs-of-nordic-power-trading-are-worrying.html "Fortum says rising costs of Nordic power trading are “worrying”").

![Expectations rocket as university students prepared to pay more for their accommodation2](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2-22-1736843818031-compressed.jpg)

**“The UCAS figures show that student rents have been [rising over the past](https://www.financedigest.com/bitcoin-price-rises-past-50000-as-rebound-continues.html "Bitcoin price rises past ,000 as rebound continues") couple of years, but that’s because there are now a wider range of superior accommodation options available to those at university. Older style accommodation does still exist, but the satisfaction and rent data seems to indicate that students are prepared to pay more but also demand more from higher priced accommodation.”**

**Heriberto Cuanalo, CEO,** [**Collegiate AC**](http://r20.rs6.net/tn.jsp?f=001uN6WNfABvUcpTdoONDB14_05pPvXdKmr5OVWU24WoLJDHnycKwwntDLn-GH5DFyuKzw7aKcrzFa851r3RhcqOfGGdJHarppAArvJwHRGkX9q-t6bXPeUeEOuNwKy3C-GnPyeBS6Edp0mqgUh_XZg4q9oEwbWLknvLCW1hzo84JirCv3bATVMVA==&c=lRrwWz99txBChGI9g4UwfKRgNlH8_HCejM43JU7tRlviloMt-30ifg==&ch=F8X4gs7FdlTKGN3OpV8b9y6-HeWZI8ABScx3wcWCMW2C4Bi7yozE8g==)

The UCAS data reveals that the vast majority of students [living in first year accommodation now pay](https://www.financedigest.com/factbox-strikes-protests-in-europe-over-cost-of-living-and-pay-3.html "Factbox-Strikes, protests in Europe over cost of living and pay") between £401 and £600 per calendar month in rent. The Accommodation Survey 2016 reports that:

“In general, respondents paying lower rent have declined… whilst the [higher costs](https://www.financedigest.com/ds-smith-says-cardboard-box-volumes-strong-flags-higher-costs.html "DS Smith says cardboard box volumes strong; flags higher costs") of rent are on the rise.

The evolution of purpose built student accommodation (PBSA), which is attracting massive investment in the UK right now (£3.1 billion in 2016, according to Knight Frank), means that students’ choices have improved considerably over the past few [years when it comes what they can expect](https://www.financedigest.com/u-s-consumers-inflation-expectations-highest-in-8-years-ny-fed-says.html "U.S. consumers’ inflation expectations highest in 8 years, NY Fed says") from their accommodation.

The chandeliers, huge ferns and stylish, comfortable armchairs of the common room at opulent [Plummer House](http://r20.rs6.net/tn.jsp?f=001uN6WNfABvUcpTdoONDB14_05pPvXdKmr5OVWU24WoLJDHnycKwwntDLn-GH5DFyuS-esqWPbzNenyE_fb8W_A5cB0IZN4hoNaCHD9bah5d2upp3nlrUcDr6306lgJvj7J80CDfvk3HwOs7ij1SpELKJOxfCH2snAdSpM3rojSbR4KpwDkXfuGD-rmjf3x0Azkn2lQzELwSwO0vhiOrhKnF_1xQEl7JBG7PugtBdcuJBgHPhCDp2ZTobMHu9xgX6m&c=lRrwWz99txBChGI9g4UwfKRgNlH8_HCejM43JU7tRlviloMt-30ifg==&ch=F8X4gs7FdlTKGN3OpV8b9y6-HeWZI8ABScx3wcWCMW2C4Bi7yozE8g==) in Newcastle highlight how sophisticated student residences have become.

![Expectations rocket as university students prepared to pay more for their accommodation3](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/3-11-1736843817963-compressed.jpg)

More reminiscent of a swanky, boutique hotel than a hall of residence, the spacious, split-level studio apartments, with their bright, contemporary interiors and high [end furnishings are better than many young working professionals can expect](https://www.financedigest.com/citi-expects-global-equities-to-rally-18-by-end-2023.html "Citi expects global equities to rally 18% by end-2023").

Then there are the on-ite facilities – students can access their own club lounge and bar, private cinema, gym and games area, as well as a dedicated study room designed to provide a peaceful environment for academic pursuits.

When it comes to choosing their accommodation, students ranked **location, cost** and **quality** as the [top three ‘very important’ factors](https://www.financedigest.com/rfid-sensor-market-explore-top-factors-that-will-boost-the-global-market-in-future-tmr.html "RFID Sensor Market: Explore Top Factors that will Boost the Global Market in Future | TMR"), at 67%, 63% and 52% respectively, according to UCAS.

Location is important both in terms of access to the university, but also to the amenities of their local city. [Ernest Place](http://r20.rs6.net/tn.jsp?f=001uN6WNfABvUcpTdoONDB14_05pPvXdKmr5OVWU24WoLJDHnycKwwntDLn-GH5DFyu3pHSIbtVTGmwhVj5Uy2TSJzzt9TNRB_pWGNdDr1bI7AzofXvzKGwCETL9JKUSeB95vvXEhcpRWlyDapfvGU0r5lSW6uj0bKx41vmQCwSvxTmPzNZ1JNAu0g-9aIUDbbAVk2SdcDVlCPCqjo66M-ws15HjNP-fTrcf1YOFnd9DGtj7i5Nh0RNYA==&c=lRrwWz99txBChGI9g4UwfKRgNlH8_HCejM43JU7tRlviloMt-30ifg==&ch=F8X4gs7FdlTKGN3OpV8b9y6-HeWZI8ABScx3wcWCMW2C4Bi7yozE8g==) in Durham, for example, which is due to open to residents in September 2017, allows residents to access both the city centre and the university’s Durham city location in just 10 minutes.

Ernest Place is also an excellent example of how the student accommodation sector continues to evolve. The first Collegiate Prestige Collection site, it features a stunning sauna, glass-walled Sky Lounge with contemporary rooftop terrace, private fitness centre, cinema, dinner party room, concierge [service and plenty of dedicated study zones](https://www.financedigest.com/euro-zone-services-booming-but-sentiment-recovery-may-have-stalled-ecbs-lane.html "Euro zone services booming but sentiment recovery may have stalled -ECB’s Lane"). The accommodation has been beautifully [interior designed](https://www.financedigest.com/ikea-bets-on-remote-interior-design-as-ai-changes-sales-strategy.html "IKEA bets on remote interior design as AI changes sales strategy") to create an environment that is at once stunningly contemporary yet homely and warm. All from just £125 per week.

With accommodation evolving to this degree, it’s no wonder that students are prepared to pay more for their university digs and still [report an incredibly high level](https://www.financedigest.com/textile-leveling-agent-market-to-flourish-with-an-impressive-cagr-during-2021-2031-fact-mr-report.html "Textile Leveling Agent Market to Flourish with an Impressive CAGR during 2021-2031: Fact.MR Report") of satisfaction with living there.


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