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Research from home insurer LV= predicts that parts of Newcastle upon Tyne, Lincoln and Sheffield could become ghost towns. LV= started in 1843 as Liverpool Victoria, and is the UK largest remaining mutual society. The LV= student towns report shows how student life is set to be transformed over the next decade, as the impact of rising tuition fees forces university students to reassess their finances and living arrangements.
Students will no longer be able to afford to live at University but will choose courses which allow them to remain in the family home while they study. Some cities which rely heavily on their university population to boost their local economy, could become ghost towns as non-local students abandon them for cheaper study closer to home.
- Twice as many university students will live at home by 2020
- Areas worst hit will be
- Jesmond (Newcastle)
- Moorside (Newcastle)
- Broomhill (Sheffield)
- Sharrow (Sheffield)
- Boultham (Lincoln)
- Carholme (Lincoln).
- The number of UK higher education students will fall by 14% over the next decade
- Crime and criminal damage will increase in affected areas, as many properties become vacant and derelict
Student Exodus Could Leave University Cities ‘Ghost Towns’ by 2020
