Central London student rents have jumped to £282 per week in the private sector.
Of 4,612 direct let studio flats for students in zones one and two, the average weekly rent for the 2011-12 academic year is £282.31; a 2% rise on the £276.86 recorded in the previous year.
During the same period, rents for cluster en-suite student accommodation jumped 6.5% to £213.92, Drivers Jonas Deloitte also calculated in its latest student housing report.
DJD believes London will continue to attract students, including those from overseas, despite a hike in fees next year.
Chris Baldwin, head of student accommodation at DJD said the rent rises may not continue.
“With operators keen to benefit from the rise in demand for accommodation during the Olympic period, a number have shortened student tenancies, and some appear to have increased average weekly rental rates to compensate. Longer tenancies are likely to resume the following year, potentially reversing this effect.”
joanna.bourke@estatesgazette.com
