Covid-19 Impacts PBSA Valuation
27th Jan 2021
By 2023 Oxford University has promised to increase graduate acceptances by 850 a year. However, the university's strategic plan (2018-2023) stipulates that it only plans to have begun the construction of 1,000 extra graduate rooms by 2023, suggesting a potential mismatch in supply versus demand.
Therefore, if the university adheres to their promise of increasing graduate acceptances, there is a real risk of price inflation in student housing.
A representative from the Oxford Student Union told The Oxford Student: "In the University's plans to grow student numbers by 850 a year but only beginning to build accommodation starting in 2023 according to the strategic plan, the University must support the colleges in the interim to provide housing to these graduate students."
"It is irresponsible on the part of the University to think it should not provide housing for fresher postgraduates, especially with a 63% international graduate student population. The strategic plan states that these growing numbers will be done 'while maintaining quality' and for students that includes accommodation - accommodation that is close to their college, of high quality, and affordable."
27th Jan 2021
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