Research carried out by Bunk, the property management software business, has revealed that 85% of current students said they would return to rent a property in their University town for the next academic year, despite fears over the impact of Covid-19 on the student housing market.
According to Bunk, the research shows that while students have experienced hardship during the pandemic, the student property market will continue to thrive in 2021. Bunk does not see the demise of student accommodation that some commentators have predicted and, as a property management platform for PBSA (Purpose Built Student Accommodation) developments, the business has continued to onboard students into properties for next academic year. A news release from Bunk also highlights that many developments are managing to sign tenancies in advance of the next academic year, particularly with international students.
The research was produced following a survey of 300 students across the UK during November which shows that:
● 85% Of current students said they would return to rent a property in their University town for next academic year.
● 4 out of 5 of these students have said whilst this university experience has been different to how they had imagined, they would still rather be enrolled and living at University rather than at home.
● 78% of students said their disappointment is towards the university rather than their living situation
Further information is available from www.rentbunk.com.