Re: General Developments
Posted: Tue Nov 05, 2019 9:41 pm
Frank wrote:I've seen some worrying stuff regarding the funding of student accommodation. I'm not saying 'subprime' but it does worry me. There was also a major university that was said to be in major financial difficulty and had to get support from the government.
Is there the correct incentive in place for universities to borrow responsibly?
The student accomodation developments in Cardiff are private investments, not universty ones.
Having said that, UK Univesities have been on a property splurge, banking on a never ending flow of foreign students and maxing out on tuition fees. Cardiff University's splurge, while large, pales into insignificance beside some others. The two new Swansea campuses in particular look like cases of overeach.