Student property investment enjoys second biggest year
19 Jan 2017, Lucy Racheva Read the original article…
Student property enjoys second biggest year in 2016 with a total investment of £3.1 billion.
The demand for student accommodation remains strong in the UK, with 1.7 million people now studying full-time, up 0.4% from the previous year, according to new researches.
The experts predict that 2017 will “undoubtedly” be another strong year for investments particularly from overseas in student property accommodation, because of the stable sector.
The sector has already proven that it is counter-cyclical during times of economic instability, as the global financial crisis had no negative effect upon the proportion of young people attending university. The UK’s exit from the EU is expected to be no different, with any immediate weakness in the pound only making the country more affordable to overseas students.
“When we leave the EU, it won’t affect non-EU overseas students who already need a visa,” say experts. As for EU students, they only represent 5 per cent of the UK student body. But those who do want to come will have to go through the usual application procedures; a visa will just be another form among many and really shouldn’t put anybody off a British university education.
The student accommodation sector continues to be powered by a fundamental imbalance between supply and demand.
Despite intensive development in some areas, the ratio of students seeking a purpose-built bed has increased.
So there is necessity for Purpose Built Student Accommodation alternatives in the sector.
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