Fewer University Applications Will Not Hit the Building Sector
Despite the fall in university application numbers, the building sector is confident it will complete development programmes across many universities in the UK- leading student accommodation builder “Unite” told Construction Enquirer today.
With fees rising to up to £9,000 per year from 2012, there has been a decrease of almost 9% in the number of students applying to universities in the UK – university applications’ body UCAS announced yesterday.
However, that will not hit university development programmes according to “Unite” because the actual number of students enrolling for a university place would remain close to the existing figure.
The building giant argues the reduction in applications means that 2012/13 applicant numbers are broadly in line with those of two years ago, meaning it will not hit any major redevelopment projects in the building construction sector.
The firm said: “Demand for university places still outstrips supply by approximately 32% and means that more than 156,000 students applying to study in 2012 will fail to secure a place.”
Unite does not expect the decline in applications to translate into a reduction in actual student numbers which could have a negative effect to the industry.
They said: “Based on our current reservations for 2012/13, which are in line with the same point in 2011, we remain confident of achieving rental growth of 3-4% for the year.”
There have also been signs of an increase in EU students applying to the UK, demonstrating the continued appeal of UK Universities for students from abroad.
Do you think the increase of tuition fees is the main reason for less student applications at universities? What affect is it going to have on the major redevelopment programmes across Universities in the UK? Share your thoughts by commenting here:
Posted on January 31, 2012, in construction jobs, construction news, Infrastructure, t4ts, train4tradeskills and tagged applicants, building construction sector, Colleges and Universities, Education, England, European Union, redevelopment programmes, student, Students, t4ts, train 4 trade skills news, train4tradeskills, training, Tuition payments, UCAS, University applications. Bookmark the permalink. Leave a comment.