Student housing: “The Covid has not upset the prices of empty housing”

The Covid-19 epidemic risks shaking up habits in terms of student accommodation: with the pandemic and remote courses, many could want to live further from their place of study and thus pay less.

Has the Covid had an impact on the prices of student housing rents?

FLORENT GUIOCHEAU. No, it has not upset the price of empty homes. They continue to increase at a steady rate, 1.2% in a year, and this should continue. Currently, the situation is unpredictable. Many schools and universities will certainly offer more flexibility, distance education. This will have a longer term impact on the need for housing. We can imagine that the students will agree to be a little further away because they will be less present part of the year.

And for the furnished?

They are the most affected. For a year, a year and a half there have been no more tourists, there has been less travel. The students worked a lot remotely. Landlords have tended to put these properties back in long-term format and overstate rents (Editor’s note: they increased by 2.2% over one year) and we can think that they will find fewer tenants. It is certainly an opportunity for students to try to negotiate room, which is rare!

Should we expect other changes?

Yes. Habits will change. When we see that a studio costs 826 euros in Paris, it is sure that it can push to look outside the capital. The same goes for large cities in the region, such as Lyon, Aix Marseille … With distance learning courses, you can be further away and looking on the outskirts can provide access to larger accommodation, which corresponds to the want to have a good living environment. It reshuffles the cards.

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