A recent report entitled Student Towns, compiled for mutual insurer LV by Nelson Research, claimed that Lancaster could lose 4,874 students, or 37 per cent of the current year’s total of 13,186.
Researchers concluded that 47 per cent of students will live at home by 2020, as they and their parents seek to save money. Currently, only 21 per cent of full-time students live at home.
From 2012, when higher fees kick in, the report says that “property values in many student towns affected will decline, with rental prices plummeting.
Crime and criminal damage will increase as a result, and many properties will become vacant and even derelict.”
See the Lancaster Guardian (02-06-11) for full story.