The number of students from the EU seeking places at UK Universities has fallen by 7%. The first fall in over a decade. A corresponding fall of 5.6% in the number of UK applications for University places seems certain to reduce demand for Oxford's student accommodation during 2017.
The Government's inclusion of foreign nationals studying in the UK within its manifesto promise to reduce immigration to the tens of thousand, seems certain to further discourage and decrease the number of non-UK students coming to our Universities to study.
I believe that the uncertainty caused by Brexit, together with widespread reporting of political emphasis on reducing immigration in the UK, has quickly impacted demand. Students and their parents have become concerned about the welcome they will receive in the UK, and as a result are looking at alternative opportunities internationally.
Oxford University's Global standing, should mitigate some of this reduced demand for UK Universities, as should Oxford's broader reputation as a City of learning and knowledge. However, the City will not be immune, and landlord's need to recognise that overall demand seems certain to fall.
No comments:
Post a Comment