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Student housing market to remain out of balance

Student housing market to remain out of balance Student housing market to remain out of balance

NETHERLANDS. Student cities with severe student housing shortages are planning major construction projects over the next six years. Nevertheless, researchers expect that only half will succeed in restoring balance to their overheated local student housing markets by 2026. In Maastricht there seem no problems.

Commissioned by the minister for housing, Kasja Ollongren, the ABF research agency has mapped out the supply of student housing in the twenty largest student cities and created projections through 2025. Thus far, the National Student Housing Monitor only focused on the demand for housing.

Flexible

The researchers distinguish between a fixed supply of housing traditionally occupied by students and a flexible supply appealing to starters and singles as well. The fixed supply is currently good for approximately 35 percent of the total supply of ‘student housing units’ and is expected to grow significantly faster in the years to come (1.3 percent annually) than previously (0.5 percent annual growth). This is partly due to municipal development plans, but it is also a result of greater hesitation among students to secure independent housing.

In most of the municipalities where the student housing market was tightest in 2017-2018 (Amsterdam, Utrecht, Rotterdam, The Hague, Haarlem and 's-Hertogenbosch), a relatively small proportion of students live in the fixed supply, with a large proportion in the flexible supply (see Table 1). The national average is 54 percent fixed to 46 percent flexible.

Students looking for accommodation in a municipality with a limited fixed supply of housing will often end up opting for residential space not specifically aimed at them. They must compete with other target groups to secure housing, often paying more for less floor space in the end.

Balance

The fixed supply of housing will have to grow to meet total demand. Students will then be less reliant on flexible options. According to the researchers, the student housing market is ‘in balance’ when students occupy 90 percent of the fixed supply and no more than 30 percent of the flexible supply.

The number of residential units in the fixed supply is expected to rise by 11 percent by the 2025-2026 academic year based on expected municipal demolition and development plans, along with conversions of single occupancy homes to multiple occupancy homes and vice versa. The growth will be fastest in Leeuwarden, Haarlem, The Hague and Leiden, with Wageningen (36 percent) leading the pack.

The student housing market will be ‘in balance’ in only ten of the twenty student cities. Of the six cities where the housing shortage is now most acute, only Utrecht will succeed in reducing the shortage of fixed-supply student housing from 4,000 to 2,000, according to the researchers. The shortage is even expected to worsen by 1,000 units in Amsterdam.

HOP, Hein Cuppen

 
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