Thursday, February 25, 2021

2021 Business Predictions: Neil Dawkin, HOP

It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. 

It has become something of a tradition, given that we’ve been doing this now for over 30 years.

Here we speak to Neil Dawkin, who heads up the student division at Leeds estate agent HOP.

2021 could be a bumper year for towns and cities with large student populations.

HOP manages a substantial portfolio of high-quality student properties in Leeds and enjoyed a record November, agreeing more student lets than ever before in the penultimate month of the year. High numbers of students in Leeds have already reserved homes to move into next summer and in a surprising trend, many are getting in early to reserve the biggest properties, so they can continue living with all the people they shared halls with during lockdown.

This trend has been further compounded by the pandemic. Many students went home earlier than usual for the Christmas break and were keen to firm up their 2021 plans first, due to uncertainty around when they might return to Leeds. Plus, with the current lockdown restrictions, we’re expecting March onwards to be very busy.

We’re anticipating increased numbers of people starting university this year because of Covid. Not only did it force lots of UK and overseas students to defer for a year, but also students are looking to prepare themselves academically for the weakened job market. Data from Unipol also shows that 2021 will see the first increase in both 18 year olds and English students since 2015. This is all generating a spike in demand for accommodation.

The majority of our student portfolio is shared houses, with some of the larger properties having up to 10 bedrooms. Following the disruption that Covid-19 lockdowns have caused, we expected smaller properties to be in highest demand, where people can have their own space or perhaps live with just one or two other people.

However, presently we’re seeing the opposite! There is significant demand for homes with five or more bedrooms, particularly from students moving out of halls where they have been used to living in large groups in cluster apartments. It appears that lockdown has strengthened the friendships and bonds that many students have made in their first year and they want to continue to live with lots of people.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Work begins on Huddersfield Blueprint project

A major Blueprint project will begin next week, as demolition work starts at Huddersfield’s Market Car Park. In order to carry out the works one...

Online courses explore storage, discharge and handling of bulk materials

The issues surrounding the safe handling and storage of bulk materials is examined during 2 on-line short courses; one looking at the difficulties encountered...

Development agreement signed for Sheffield Olympic Legacy Park masterplans

A development agreement has been signed for the 850,000 sq ft masterplan at Sheffield Olympic Legacy Park. A development agreement between Sheffield City Council and...

Brexit challenges threaten to slow Yorkshire & the Humber’s manufacturing comeback

Brexit issues are causing SME manufacturers in Yorkshire & the Humber significant disruption as they look to recover from the economic effects of COVID-19. The...

Event to explore low carbon investment in the Humber

Business leaders are being urged to join a high-profile event aimed at helping secure billions of pounds of investment to make the Humber a...

First phase of £5.5m Marrtree Business Park completes in Thirsk

Marrtree Investments has completed the first 40,000 sq ft, £3 million phase of its £5.5 million Marrtree Business Park at Thirsk. Tenants have already signed...

Related news

Work begins on Huddersfield Blueprint project

A major Blueprint project will begin next week, as demolition work starts at Huddersfield’s Market Car Park. In order to carry out the works one...

Online courses explore storage, discharge and handling of bulk materials

The issues surrounding the safe handling and storage of bulk materials is examined during 2 on-line short courses; one looking at the difficulties encountered...

Development agreement signed for Sheffield Olympic Legacy Park masterplans

A development agreement has been signed for the 850,000 sq ft masterplan at Sheffield Olympic Legacy Park. A development agreement between Sheffield City Council and...

Brexit challenges threaten to slow Yorkshire & the Humber’s manufacturing comeback

Brexit issues are causing SME manufacturers in Yorkshire & the Humber significant disruption as they look to recover from the economic effects of COVID-19. The...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close