Mayfair estate agents, Wetherell, have revealed that super-wealthy students are moving into West End apartments costing up to £21,000 a month, with one 19-year-old design student from North American recently taking up a property on Park Lane.
The astronomical prices are a far cry from average student accommodation in London and beyond. According to NUS, students in London spend an average of £6,143 on rent per year, while students outside of the capital spend £4,384.
Speaking to CityAM, Wetherell said: "Wealthy overseas students from the Middle East, North America, Asia and Africa can afford to pay over £2,000 per week for luxurious apartments in apartments."
The newly-developed block of high-end student digs in Mayfair range from a staggering 1,600 sq ft to 2,000 sq ft.