Don’t write off student rental market, warns PropTech platform

Tenant software supplier Bunk says the media’s writing off of the student accommodation rental market is misplaced - and it claims the sector remains strong despite Coronavirus.

Bunk conducted a survey of students last month; although there were only 300 participants the company says 85 per cent of current students said they would return to rent a property in their university town for next academic year, despite the ongoing pandemic.

Some four out of five of these students have said whilst this university experience has been different to how they had imagined, they would still rather be enrolled and living at university rather than at home. 

And 78 per cent said their disappointment was towards the university rather than their living situation.

The PropTech firm says that on the basis of the survey it was “clear” that the student property market would conintue to thrive in 2021. 

The firm was created by co-founders Harry Stirling and Tom Woollard and operates by “eliminating agency costs and optimising landlord transparency.”

It says it’s been on-boarding students into properties for the next academic year, including managing to sign upfront tenancies for international students - “making their rental income Covid-proof” it claims.