Agency Reports Surge in Newcastle HMO Demand
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Newcastle-based Walton Robinson has suggested that demand for student accommodation is at an all-time high.
The agency has reported a 76% rise in properties let compared to the same period last year. Demand was reportedly very high in 2021-22 and a similar trend is playing out for the 2022-23 season too.
Expectations are students will look to secure their accommodation as quickly as possible, with more students attending Newcastle's universities this year. The increase in demand has led to a significant average rental increase of almost 5%, with sales prices reflecting the increasing attractiveness of student HMOs.
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Article by
Head of Research at StuRents
Richard leads the StuRents research team, providing proprietary, platform-driven insights to help stakeholders make better-informed decisions about the market.
