Covid-19 Impacts PBSA Valuation
27th Jan 2021
Analysis suggests that Newcastle has the highest rate of student housing in the country, with one in every 15 homes in the city a student property.
With the 2018 intake of university students arriving in the city, data shows there were 8,822 student houses in the city at the last count conducted in May 2017.
The figure doesn't include purpose-built halls but is reportedly 31% higher than levels recorded in 2016.
Councillor Ged Bell, cabinet member for employment at Newcastle City Council, said: "Students at Newcastle's two universities contribute an estimated £500m to our economy each year and also attract young people from countries around the world to our city."
"Students themselves make a really important contribution to the local economy - with many continuing to live and work here after their studies - and our universities are major employers."
"It is great to see our universities thriving and as more young people come to study here it is important that there is sufficient student housing to meet demand."
Growth in student numbers has led to the expansion of student neighbourhoods like Jesmond but has also resulted in a rise of purpose-built student accommodation (PBSA).
The council estimate that an average of 550 student bed spaces in PBSA were built each year up until 2014, but that figure increased to 2,316 in 2016.
Newcastle has thousands of additional beds in the pipeline including a 535-bed scheme earmarked for the vacant Technopole building at Kings Manor Business Park.
In January last year, Newcastle City Council bosses adopted a tougher stance on student blocks, forcing developers to prove they won't lead to an over-concentration that would be harmful to the area's "vibrancy, environmental quality and residential amenity."
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