Is there too much student accommodation in Liverpool?
It is a question which has been asked time and time again, ‘Is there too much student accommodation in Liverpool?’
Propertylifenews.com looks at what who experts think about Liverpool’s student accommodation market and whether it is still a prime location for investment.
An article published in the Liverpool Echo has raised questions about the amount of student accommodation which has popped up in the city.
A review group of councillors, developers and universities recently met to discuss the future of student accommodation in the city. The final report will be published at the end of the summer.
“Students make a significant contribution to our communities and this review will ensure that the council is able to meet the needs of all interested stakeholders,” Cllr Frank Hont, cabinet member for housing, commented.
At the time of this article being published, the report’s finding were not yet available however, it will be interesting to see what the city’s local community think about student accommodation in Liverpool.
London-based property company, Experience Invest, who has sold a number of student accommodation projects in Liverpool argues that there is not enough high quality rooms for university-goers in the city.
“With over 53,000 students studying in Liverpool alone, there is a strong demand for good quality housing to accommodate the city’s growing student population,” Dale Anderson, Project Manager at Experience Invest comments.
“Let’s face it, going to university these days is expensive and many students are looking for affordable accommodation to stay in while they are studying. Purpose-built rooms in blocks which are designed for students provide a safe living environment.
“Although some people may think they are more expensive than living in a HMO, they don’t tend to account for bills on top of their rent. All bills are included in most purpose-built buildings which we have found has enabled students to save money in the long term. Let’s face it, none of us like having a big gas or electric bill every few months,” Anderson continues.
“Some may argue that there are more than enough rooms for student in Liverpool and that developers should concentrate on building residential homes however, many students are still staying in family houses which have been converted into student accommodation. If these properties could be freed up, there would be more residential housing available in areas that are geared towards the residential market.
“Most of our developments are running at almost 100% occupancy which indicates that this type of accommodation is a popular choice for students in Liverpool,” Anderson adds.