In the course of examining world markets for student housing and housing investment, global real estate services firm Savills has arrived at an interesting analysis of relative cost of study for major cities around the world.
Let’s first acknowledge that comparing costs of study is always a tricky business. Currency values never stop moving around each other, “apples-to-apples” comparisons among institutions and programmes can be elusive, and some of the sharp differences in costs between major cities and smaller towns often get smoothed out into national averages.
That’s in part what makes the Savills estimates noteworthy. They are focused on larger cities, where international enrollment is often concentrated. They also look exclusively at the relative costs of purpose-built student housing (PBSH), and at the tuition costs for non-specialist STEM degree programmes (e.g., mathematics) at institutions ranked in the top tier of the QS global rankings.
Savills has rendered all of those costs in a common currency – US$ – and has arrived at a summary of average monthly costs of being an international student in 23 major world cities. READ MORE