4 Hrs
Source:
The Guardian
High-end housing providers collapse leaving students surprised
The collapse of high-end purpose-built student accommodation providers has caused significant upheaval for students, amid a broader decline in international student numbers, rising rents, and affordability issues. Several luxury student tower blocks across the UK are now facing financial difficulties, with many sitting half empty or going bankrupt, forcing students to find alternative housing. The sector's challenges are driven by shrinking demand outside London, skyrocketing rents, and a gap between maintenance loans and rising accommodation costs, leaving some students struggling with housing security during the academic year.
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