The Nottingham Letting Year 2018 - What is happening?

22/06/2018

House hunting for the 2018 - 2019 academic year commenced on Saturday 11th November 2017. 

House Hunting patterns in Nottingham vary depending on what institution students attend. A lot of students studying at Nottingham Trent Students’ Union start their search in November, whereas students studying at the University of Nottingham tend to wait until the end of January before beginning their search.  

Key Observations:

- On the opening weekend of House Hunting there were 10,469 property views.
- On the opening weekend 42% of searches undertaken did not specify a particular location compared to 50% in 2016. 18% of searches undertaken specified the Arboretum or the City Centre compared to 13% in 2016 and 23% of searches specified Lenton compared to 32% of searches in 2016.


Despite a slower and steadier start to house hunting following the launch on 11th November 2017 activity has remained consistent and picked up again in January 2018 providing a second peak of activity.  


Availability of properties

Over 2,890 properties have been displayed on the Unipol website this academic year, with more properties added weekly throughout the year, there are always plenty of accommodation options to browse through. 

The National Picture - Nottingham

(Source: HESA)

Although it is useful to compare the current year with the previous year it is also important to look at trends across a number of years to get a better idea of the trajectory a city and its institutions are taking.  HESA figures are particularly useful in this respect and the latest figures 2014-2015 (always a year behind UCAS figures) have just been made available.

The University of Nottingham has experienced a strong decline in undergraduate and in particular postgraduate enrolments. This has been the major contributor to a city-wide drop in full-time enrolments of approaching 2,000 students between 2010-2011 and 2014-2015. 

Nottingham full-time enrolments 2010-11 – 2014-15 (HESA)
Institution Level 2010-11 2011-12 2012-13 2013-14 2014-15
Nottingham Trent University UG 20,380 20,585 20,020 20,530 20,305
  PG 1,820 2,700 2,480 2,320 2,230
  Total 22,200 23,285 22,500 22,850 22,535
University of Nottingham UG 23,025 23,515 23,445 23,155 22,665
  PG 7,345 7,715 7,665 5,740 5,475
  Total 30,370 31,230 31,110 28,895 28,140
Overall TOTAL   52,570 54,515 53,610 51,745 50,675

 

 

 

 

 

 

 

 


 

The UCAS intake figures from the University of Nottingham were more encouraging for 2015-2016 as can be seen below.

  • Nottingham Trent University was in the top 20 universities nationally to show real growth between 2013-2014 and 2014-2015 (over 12%).  Nottingham Trent have though recruited 360 less students than the previous year in 2015-2016.
  • The University of Nottingham has seen a decline in intake since 2011 and, unlike virtually all the other Russell Group universities, its overall intake in Nottingham continues to decline reducing demand for accommodation.
  • The University of Nottingham has had a good recovery in its intake figures for 2015-2016 recruiting an extra 845 students through UCAS when compared to 2014-2015.
  • Postgraduate numbers at the University of Nottingham declined by 25% between 2010-2011 to the year 2014-2015.  Nottingham Trent Postgraduate numbers remain stable.
  • The non-continuation rate at both universities in Nottingham remains below the national average, protecting student numbers from falling further.  The non-continuation rate measures those student who drop out of university, most of these are seen in the first year of study.

"2015/2016 letting year has been a challenging market place and their are no indications that 2016-2017 will be easier; the market needs to adjust to plateaued student numbers and growing supply".

It is difficult to gain a full picture as the University of Nottingham continue to not release their application and clearing target.  From Nottingham Trent University's indicators they look to be on track to meet their target, with a good application rate to date.  Currently students numbers are not growing proportionately to the growth in student property provision, particularly in the purpose built area.