As European universities draw in an increasing number of international students, they encounter a major challenge: ensuring affordable accommodation. Although there is significant demand, numerous institutions find it challenging to provide adequate and affordable housing options, forcing students to seek out the private rental market.
A recent report from JLL, an international real estate company, indicates that Europe faces a deficit of 3 million student beds, with the circumstances expected to deteriorate over the next five years. The report indicates that by 2030/31, Europe’s student population is projected to increase by 10%, totaling 23.5 million, with 50% comprised of international students.
The lack of affordable housing is not restricted to any specific nation. In Ireland, for instance, construction holdups and rising expenses have led to a notable lack of student housing. A report from the Irish government revealed that there are three applicants for each student bed on campus, compelling numerous students to look for housing in the private sector.
In France, the circumstances are just as grim. A research conducted by a source revealed that the supply of rental properties for students in Paris decreased by 50% relative to 2023. The crisis has raised worries about student dropouts and difficulties, as numerous students are compelled to travel long distances or live in cramped apartments.
Spain is also facing challenges in offering affordable housing options for students. The government has implemented measures to tackle the problem, which include endorsing a protocol that requires new private universities to provide accommodations for their students. Nevertheless, the issue continues, especially in tourist destinations where high demand has led to increased prices.
The lack of affordable housing is an issue not just for students but for universities as well. Institutions are struggling to attract and keep students, especially international students who are typically enticed by universities that can provide and secure accommodations.
To tackle the problem, universities are investigating creative approaches, like collaborating with private developers to create additional student housing or providing financial rewards to students who agree to share flats or travel from outside the city.
Nonetheless, these solutions come with their own difficulties. Funding and development expenses continue to pose a major challenge for numerous institutions, especially those reliant on public funding. Stephen Madsen, in his writing for EConsult Solutions, points out that “The interplay between reduced public funding and rising construction expenses creates a tough development landscape for institutions of higher education.”
In spite of the difficulties, universities and governments need to collaborate to tackle the lack of affordable housing for students. With the increasing demand for higher education, it is crucial that institutions offer students a safe, secure, and affordable living environment.
