Student accommodation: a ‘premium’ category emerges in Rome
by the Editorial Team
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The student rental market is, at least for now, moving away from a period of across-the-board rent rises and becoming more selective. Rents are no longer determined solely by the pressure of demand in university towns: the attractiveness of individual universities, the location of properties, their quality and the availability of alternative accommodation options – starting with student halls of residence – are playing an increasingly significant role.
This is the picture that emerges from the survey carried out by the SoloAffitti Research Centre on the eve of the start of the academic year. Overall, the market is described as stable compared with last year, but the average masks marked differences between cities and, in the larger cities, even between different university districts.
The price range remains very wide. For a single room, prices start at 150–350 euros a month in Potenza and 180–300 euros in Teramo and Reggio Calabria. In Bari, the range rises to 280–450 euros, whilst in Naples it ranges from 300 to 590 euros. In Pavia, standard rents range from 350 to 500 euros, with some reaching 600; in Florence, a single room generally costs 450–550 euros and can reach 750 euros in the historic centre and around the Social Sciences campus.
Milan remains expensive, but demand is slowing
Milan continues to be at the top end of the market, with rents ranging from 500 to 650 euros for a single room and peaking at 700 euros. The most significant figure, however, relates to demand, which, according to SoloAffitti, is on the decline.
Among the factors cited by the company is the growing competition from student accommodation providers, which are attracting a proportion of university students who traditionally turned to the private rental market. This is a trend which, if it takes hold, signals a shift in the balance of one of Italia’s most competitive property markets: the increase in specialised supply may affect demand for existing residential properties, even whilst rents remain high.
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