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London students are paying £67,000 a year to live in this luxury Mayfair apartment

When you think of student accommodation, images of damp, tiny residence rooms might come to mind. But for some the super-rich in London, life is very different. (StudentTenant.com/Business Insider)

London students are paying £67,000 a year to live in this luxury Mayfair apartment

The city’s wealthiest undergraduate students are paying almost £67,000 a year to live in these luxury apartments in Mayfair, one of the city’s most expensive areas.

Costing £1,300 per week per person, the fully-furnished apartments are truly luxurious.

They boast two connecting reception rooms with living and dining space as well as a guest cloakroom.

They also have a high-tech home automation system that allows you to control lighting, security, underfloor heating, air-conditioning, and a media and audio visual system from your mobile phone.

And we can’t forget the private terrace which overlooks London’s Hyde Park.

According to StudentTenant.com, students living in London can receive a maximum loan of £11,002 per year, which shows just how staggering these prices are.

Managing director Danielle Cullen said that of the half a million students living in private rental accommodation in the UK, nearly half come from overseas, meaning it’s not surprising there’s a growing demand for luxury apartments.

“We have seen a huge growth in luxury accommodation in recent years, designed to appeal to the wealthiest students across the globe who are willing to pay rent upfront,” she said. “It’s great to see property developers offer the option to live the life of luxury for those who are studying at university, but the problem we’re seeing is that luxury properties are gradually pushing up rental prices for students across the UK.”

“Landlords are seeing the potential for luxury student properties and how much rental income they’re generating, and they want a piece of it. More and more landlords are opting for the luxury label and student pockets are getting hit as we’re seeing a fall in affordable student accommodation, particularly in central London.”

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