Rental guarantor service Housing Hand has released insights into the shifting demographics behind the number of international students choosing the UK for their higher education.
Among the insights, Brexit has had a large impact on the number of students from the EU coming to the UK, with those students now having to pay the full rate to attend UK universities.
Housing Hand’s latest figures show that, in terms of international students from outside the EU, India, Sub-Saharan Africa and the US are the largest growth areas.
While the demographics of those studying in the UK continues to shift, the overall number of non-EU international students remains high.
“In addition to Brexit’s unsurprising impact on the balance between UK and EU students, we’re seeing countries’ domestic policies affecting the number of those studying in the UK. The number of students from China has moderated, for example, with many now choosing to stay home for their studies. UK universities that have established campuses in China, or that have been invited to do so, are feeding this trend too.”Graham Hayward, Chief Operating Officer, Housing Hand
According to Housing Hand this has been reflected in the 2022 migration figures from the Office for National Statistics, which show that ‘levels of immigration from non-EU international students, and their dependents, remains high. This can be attributed to increased demand post-pandemic, as well as delayed travel, and may also be influenced by the new Graduate Visa route.’
Just as the Graduate Visa aims to bring international students to the UK, by allowing them to apply for work here after completing their studies, universities are also doing their part to appeal to students from overseas.
“Increasingly, universities want to ensure their accommodation is accessible to all, including students who do not have a qualifying UK rent guarantor. By working with Housing Hand and tailoring our service to meet their needs, universities can alleviate this issue for their students.”James Maguire, Head of Sales and Business Development, Housing Hand
Housing Hand works in partnership with many universities and student unions across the UK and Ireland, supporting students from overseas and those from within the UK to access their accommodation of choice while completing their studies. Further partnerships are also currently under development.
Earlier this month, the company also found that rental guarantor services within the sector were facing a significant increase in demand.