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The Young Ones
25 years on
Students aren’t what they used to be –
nor are their flats, says Rosalind Russell
ecently, a fifty-something Caroline Kavanagh, of Badger Holdings, applications from overseas students,
R
colleague glancing at a parent company to Townends and Regents especially from Singapore, China and
photograph of a young female Estate Agents, says, “We have, at times, Malaysia. Unimpressed by Britain’s
university student in her sleek, had to take the decision not to market a crumbling old housing stock, a new
interior designed apartment, property because we felt that it was development is the chosen option for
remarked (somewhat aggrieved) substandard. By imposing this legislation, Asian students, if they can’t secure a place
that her flat was considerably superior to landlords would have no choice but to offer on campus.
his. He’d worked to pay for his own a level of quality that tenants should rightly The hope that continued education will
property, while hers was bought for her expect, or face some serious boost job prospects in a shrinking
from the equity in her parents’ home. consequences.” employment market has also fuelled a 15
Students’ aspirations are much higher per cent rise in applications from over-25s
than they were a generation ago. According 500,000 bedrooms needed this year who may not want to stay in halls, or even
to a Halifax survey, many parents now are The rise in the number of university and
willing to forego a holiday or new kitchen college students has been the salvation of
‘We have, at
to ensure their son or daughter is in a safe, some developers who realised there would
modern environment while living away be a shortage of privately owned
times, had to
from home. It is no longer possible for a accommodation, either for rent or sale.
take the decision
landlord to furnish a flat with mis-matched According to UCAS, the number of
goods bought at auction and expect people applications to UK colleges and universities
not to market a
to pay for it. The Government hopes its is up 8.8 per cent on this time last year.
property because we felt
recently-announced plan to licence More than half a million people have
landlords will raise standards further, a applied to begin a full time undergraduate
that it was substandard.’
move broadly welcomed by letting agents. course and numbers are also on the rise for CAROLINE KAVANAGH, BADGER HOLDINGS
28 JUNE 2009 PROPERTYdrum
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