Rising student accommodation costs could increase number of stay-at-home students

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With a new study revealing that the average cost of student accommodation is on the rise, Teacrate Packaging believes that the number of undergraduates staying at the family home will also continue to increase.

With research indicating that rent is on the rise, we think that the trend for stay-at home students is only set to grow.

A new report from accommodationforstudents.com showed that the average weekly student rent has increased by over 3% since 2012, from £77.04 per week per bedroom to £79.42 in 2013.

According to the research, which was based on over 125,000 properties in 92 locations, the rising cost is being driven by soaring rents in the south of England. London is still the most expensive area to live as a student, with an average rental value of £129 per week. But other areas are catching up quickly, with Luton and Chatham seeing rises of 20% and 19% respectively since 2012.

Teacrate Packaging, part of the PHS Group, believes that the increase in rent will add to the growing trend of students remaining at home with their parents and commuting to university, particularly after the recent rise in tuition fees.

Ruth Scruton, Marketing Manager for Teacrate Packaging, said: “The Higher Education Statistics Agency estimates that in 2010, 19% of undergraduates chose to study at local universities while living at home, but in 1984 this figure stood at just 8%.”

“With the research from accomodationforstudents.com indicating that rent is on the rise, we think that the trend for stay-at home students is only set to grow.”

PHS Teacrate says that the rise in stay-at home undergrads will bring a complete change in lifestyle, with new space requirements for textbooks and lecture notes at the family home.

Ruth Scruton said: “Investing in storage solutions like plastic crates is an ideal way for students to make room for the belongings they will accumulate starting a university degree. At Teacrate Packaging we offer a range of plastic crates specifically designed for bulk storage, with the choice of nesting when empty and stacking when full.”

“For example, the Book Mover is a large, lidded crate which is ideal for lateral filing systems. It is manufactured from tough polyprolene, making it perfect for carrying heavy loads like books, records and other weighty items.”

And for the many students still choosing to fly the nest, Teacrate Packaging also offers a range of packing boxes which are ideal for the moving belongings from the family home to halls of residence.

Ruth Scruton said: “Our student moving packs contain all the boxes and packaging an undergraduate could need at a very competitive price, and are available to order online with next day delivery as standard.”

“So whether you are staying at home to study for your degree or braving the rental market, you can rely on Teacrate Packaging to provide the perfect moving and storing solution.”

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About PHS
The PHS Group is a leading workplace services provider, and has traded in the UK since 1963. It has a diverse service portfolio aimed at improving work and leisure spaces, while making life much easier for facilities, building and people managers.

PHS really does ‘do more than you think,’ providing products and services for:

  •     Crate rental and packaging
  •     Interior and exterior planting
  •     Laundry equipment and workwear
  •     Matting and flooring
  •     Records storage and management
  •     Shredding and recycling
  •     Testing and compliance
  •     Washrooms
  •     Waste management
  •     Water machines
  •     Workplace consumables

PHS provides these direct to UK companies, and also operates as a tier one supplier to the facilities management market, supporting the integrated service propositions of most of the major FMs.

The PHS Group’s annual turnover for the year ending March 2012 was £422 million. It employs around 5,000 personnel, operates from a wide network of 153 regional service branches, and takes care of over 250,000 customers at over 450,000 locations in the UK, Ireland, Holland, Belgium and Spain.

http://www.phs.co.uk/teacrate

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Chloe Hibbert
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