The consequences for the demand for student housing in the short and the long term.
And yet, as previously stated, there are currently still a lot of international students enrolled at Dutch institutes of higher education who are completing their studies at home. In the first semester of this academic year this meant that fewer student rooms were being rented by international students. However, a survey among various student housing operators has shown that occupation rates have remained mostly stable. The most important reason for this is an increase in the demand for student housing from Dutch students. In addition to this increase in demand, occupancy rates have remained largely stable thanks to demand from another target group as well.
Many starters currently want continued access to student housing as a result of pressure on the starter market.
Continuing shortages in housing markets mean that it is still very difficult for recent graduates to rent or buy a property and this group is forced to rely on student housing for a longer period of time. Student housing operators are taking note and are focusing more and more on not just current students, but also on young professionals trying to get a foot on the property ladder in the broadest sense. This makes sense because the housing needs of starters are generally not very different from the needs of students (nearing the end of their studies). ‘Blurring’ occurs in situations where other target groups also make use of student housing while at the same time, housing operators begin to provide more and more housing options for these and other target groups.
Uptake from starters will make up for the initially limited drop in demand from the international student population, meaning that no immediate changes in shortages are not expected to occur.
The figure above shows that starters’ average disposable income has declined considerably in recent years, because student debt has risen more than the average salary. Rents in the private sector have also increased considerably in recent years, only compounding the situation in which many recent graduates are finding themselves between a rock and a hard place in the housing market. Micro-living, or young professional units, provide a solution to the challenges faced by this target group. These are homes in PBSA complexes that are aimed at a wider target group.