It’s a straight forward equation really. The lifting of student number caps means that across university town and cities in the UK more PBSA (Purpose-Built Student Accommodation) is needed.
Universities can now recruit as many students as they can cater for but this doesn’t mean that there will be enough accommodation to house them. With university applications at record levels and the massive influx of international students (up nearly 9% from last year) the student accommodation market is bursting at the seams.
In some towns and cities, PBSA can’t be built quick enough and the demand for high quality, all-inclusive and secure accommodation is at a peak. Students no longer want to live in grotty student digs and who can blame them? Students are studying to better themselves and that starts with the accommodation they live in. The better the environment, the more conducive it is to learning and enjoying the overall university experience.
With traditional halls of residence simply not being able to cope, students want attractive, affordable properties to rent that are on the doorstep of the campus. If you’re looking to invest in PBSA then you’re not going to be short of potential renters and the high returns that student property can yield is making it a highly attractive proposition for the first time investor.
To find out more about PBSA investment and why it might be the ideal starting point for building your property portfolio, contact one of the team today for more information.