Bijou student digs: a snip at £548 a week
A single bedroom flat with no bath and a kitchen squeezed into a cupboard has been marketed to students at £548 a week, leading to charges of profiteering by landlords.
It is on the seventh floor of a privately run hall of residence, whose owner is endorsed by University College, London (UCL) in its official brochure.
The £28,000 annual cost of the flat highlights the soaring cost of student accommodation. Traditional halls of residence with heavily subsidised rents are being replaced by blocks built and managed by highly profitable companies, which have hiked rents by 8% in the past year alone …