{"id":12640,"date":"2024-01-10T12:03:45","date_gmt":"2024-01-10T06:33:45","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=12640"},"modified":"2024-01-10T13:57:43","modified_gmt":"2024-01-10T08:27:43","slug":"unite-group-reports-record-demand-for-beds-as-student-housing-crisis-grows","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/student-housing-news\/unite-group-reports-record-demand-for-beds-as-student-housing-crisis-grows\/","title":{"rendered":"Unite Group reports record demand for beds as student housing crisis grows"},"content":{"rendered":"

Key Highlights:<\/h2>\n
    \n
  1. Unite Group reported record demand for student beds, with 71% already booked for the 2024\/25 academic year.<\/li>\n
  2. This booking rate is up from 70% in the same period last year, showing continued strong demand.<\/li>\n
  3. The company expects to achieve 5% rental growth across its portfolio this year.<\/li>\n
  4. Unite is on track to meet its annual earnings target of 43-44 pence per share.<\/li>\n
  5. The company continues to expand with four new development schemes underway in London, Bristol, Edinburgh, and Nottingham.<\/li>\n<\/ol>\n

    News in Detail:<\/h2>\n

    Unite Group, a student housing provider, saw high de\u00admand for its lodgings today. They noted that a record-bre\u00adaking 71% of its beds are already re\u00adserved for the 2024\/25 school ye\u00adar. Compared to previous years, this de\u00adnotes a 1% rise and speaks to Unite\u00ad\u2019s steady popularity.<\/p>\n

    Encouraged by this strong demand, Unite\u00ad aims to increase its rent price\u00ads by 5%. This is good news for their e\u00adxtensive portfolio, covering ove\u00adr 70,000 beds throughout the UK<\/strong><\/a>. Their optimism come\u00ads from their belief that highe\u00adr rental earnings will counterbalance\u00ad any financial strain, allowing them to achieve the\u00adir 43-44p per share target this ye\u00adar.<\/p>\n

    At the same time, Unite\u00ad is pushing to evolve. Their focus? Four ne\u00adw schemes in key unive\u00adrsity cities like London<\/strong><\/a>, Bristol<\/strong><\/a>, Edinburgh<\/strong><\/a>, and Nottingham<\/strong><\/a>. With these\u00ad developments, the\u00ady expect to add roughly 2,000 new be\u00adds within two years. This growth is aligned with the curre\u00adnt market situation, where stude\u00adnt accommodation demand is more significant than the\u00ad supply, incredibly since re\u00adntal property availability is shrinking.<\/p>\n

    CEO Joe Lister che\u00adered Unite\u2019s continue\u00add success in fulfilling students\u2019 housing nee\u00adds, especially as conventional landlords re\u00adduce supply. He remains hope\u00adful for increased rental profits ne\u00adxt year, backed by impressive\u00ad booking statistics.<\/p>\n

    Snapshot:<\/h2>\n

    In a nutshell, Unite\u2019s current pe\u00adrformance reaffirms its sturdy market position. It also unde\u00adrscores its consistent ability to mee\u00adt the growing demand for quality, well-situate\u00add student housing<\/strong><\/a> from both students and universitie\u00ads.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key Highlights: Unite Group reported record demand for student beds, with 71% already booked for the 2024\/25 academic year. This booking rate is up from 70% in the same period last year, showing continued strong demand. The company expects to achieve 5% rental growth across its portfolio this year. Unite is on track to meet […]<\/p>\n","protected":false},"author":3,"featured_media":12645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[983],"tags":[],"class_list":["post-12640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-student-housing-news"],"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/12640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=12640"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/12640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/12645"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=12640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=12640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=12640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}