Students splash more cash on rent
Average rent rates for students in the UK have risen by seven per cent compared to last year, according to a new report by Accommodation for Students.Social housing website 24dash published the report findings showing that an average UK student would pay £60 per week for their digs in 2007, which is four pounds more than 2005. Yet this figure does not reflect the experience of all students, as rents vary dramatically depending on which university is attended and its location.London remains the most expensive place to study, where spending £102 per week on rent is the norm, at 71 per cent above the overall UK average. Oxbridge students also pay more with those attending Cambridge expecting to shell out £84 per week, 42 per cent above the national average.Accommodation tends to be cheaper around less popular universities such as Crewe, Middlesbrough and Stoke, where the average weekly rent bills are £37, £38 and £40 respectively.Simon Thompson, co-founder and director of Accommodation for Students, commented: "Now that students are accumulating large borrowings to subsidise their study the cost of accommodation has become a critical factor in their choice of university."
Share this..
Related stories
Brand loyalty importance underlined
Retailers must not underestimate the value of brand loyalty, a report says.Market research firm Datamonitor's analysis of market conditions on the high street says it is clear that retaining existing customers is more efficient than actively seeking new ones.It says new brands must seek to reinforce consumers' self-identities as customers' personal choices reflect their desire to boost the individ...
Read MoreIrish government looks to wind down Anglo-Irish Bank
The Irish authorities are today in discussions regarding the future of Anglo-Irish Bank as Irish taxpayer liabilities and costs in relation to the bailout approach €25 billion. Not only is the Irish government keen to quantify the liability of taxpayers but the European Union would prefer to see a lid placed upon potential taxpayer liabilities in the short, medium and longer term. While t...
Read MoreCredit Suisse announces surprise bonus payments
Financial giant Credit Suisse has today surprised the City with the announcement that 400 managing directors are set to receive one-off "discretionary leadership awards" which will take the form of cash payments. However, these payments, subject to performance targets, will not be released to the individuals in question until 2012 and 2013, after the UK government's 50% bonus tax rate has expired....
Read MoreSetanta back up and running
Satellite TV company Setanta is this evening taking subscriptions again after apparently securing a last-minute reprieve. The company has been in discussions with a number of interested parties with regards to a rescue package which would see SPL and Premier League Football games continue to be beamed live in the UK. The company had apparently died a death just last week but funding initiatives ar...
Read MoreUK government to penalise businesses with energy cost rise
Chris Huhne, the energy secretary, has today confirmed that UK businesses will bear the brunt of ongoing policies to cut emissions in the UK. It is forecast that business energy bills will rise by up to 26% over the next decade while at the same time consumers will see a rise of about 1% in their own energy bills. While there is no doubt that the UK needs to revamp and update the energy system the...
Read More