UK’s biggest student housing provider hit by fall in international enrolment

Unite Group, the UK's largest student housing provider, is facing challenges due to a decline in international student enrollment. This drop in demand has led to lowered profit outlooks, rent reductions in cities like Nottingham, Leicester, and Sheffield, and a decrease in share value. In response, Unite plans to reduce new construction, focus on accommodations near high-tariff universities, and implement cost-cutting measures, including the sale of properties like St Pancras Way in London. The company aims to reposition its portfolio to address the changing market dynamics, including more students staying at home and fewer international postgraduates. British universities have reported a fall in the number of international students starting postgraduate courses in September for the second year in a row, down 6%, according to a survey.

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