High University fees and the economic downturn have led to fewer University applications for 2012. Some have speculated that this would be reflected in demand within the student accommodation sector. However, this is not the case, says Caroline Kavanagh, group lettings director of Townends estate agents, who has seen no evidence of a downturn in the demand for shared accommodation.
With more school-leavers choosing to go straight in to work, University applications may be down, but apparently the number of young people who want to move away from the family home is not. These young people do not have sufficient deposits to buy, and cannot afford to rent on their own, and are instead looking to shared accommodation as an affordable option, helping to balance out the fewer University applicants.