Subscribe to our monthly newsletter

Get the knowledge and inspiration you need to help you build
a profitable portfolio - straight to your inbox!

Student accommodation

International students are vital to the UK economy

Author: Gemma

A

A

A

A

Students coming into the UK from overseas are vital to the UK’s future economy, and the vast majority of people would like to see them encouraged to continue to come here for years to come, a new study has found.

In the years immediately following the rise in tuition fees, the number of people studying in the UK who came from overseas to do so saw a slight decline, but this has picked up again in recent times as the prestige of UK universities continues to attract students from overseas.

ICM Research found that the majority of people in the UK want to see this trend continue, with the British public firmly behind people coming from overseas to study at renowned British institutions.

Foreign students are incredibly important to a number of areas of the UK economy, not least student property, which is one of the most popular asset classes in the country, and some two-thirds of Brits want to see the number of students from other nations coming to the UK to study retained.

Additionally, 75 per cent of those surveyed by ICM said that they feel international students should be allowed to live in the UK after they have graduated. This retention of skilled people tied into the fact that many contribute to the economy.

The Made in the UK: Unlocking the Door to International Graduates report showed that 42 per cent of international students plan to start up their own business when they have finished their studies. A third of these also want to do so in the UK, it added.

In a foreword to the report by Lord Bilimoria CBE, it is recommended that international students are removed from the UK’s immigration figures in order to protect the flow of skilled students into the nation.

The impact international students have had on the property market in recent years has been clear for all to see. As this demographic seeks high-quality accommodation with good amenities and a strong community feel, the need for dedicated student properties has grown. It has meant that in each of the last three years, the money spent on student properties has exceeded £2 billion, a total that had never been reached before.

You may also like: