Research from the Higher Education Statistics Agency reveals that the number of students now living in privately rented student accommodation has more than doubled in recent years and looks set to soar.
Between 2007 and 2014 the number of students living in privately rented accommodation increased from 46,000 to 102,200, which, according to Knight Frank has been linked to the preferences of today’s students and their desire for a premium living experience.
It’s safe to say that privately rented accommodation is a much more attractive proposition to on-site campus accommodation. Private accommodation is often purpose-built, offering a high standard of living with all mod-cons and bills thrown in.
With high speed broadband, 50” TVs and dishwashers offered as standard, it’s no surprise that this type of accommodation appeals to a commodity driven population of students who have access to brands at their fingertips thanks to the rise of social media.
But it’s not just student’s benefitting from this type of accommodation, investors are benefitting from it too. As demand for purpose-built, privately owned accommodation continues to grow, now is definitely the time to get on board with a developer with their finger on the pulse when it comes to providing students their dream housing solution.
We currently manage seven student accommodation sites around the UK in Manchester, Sheffield, Leicester, Preston, Huddersfield and Chester but we’re always on the lookout to develop sites across the UK in popular university cities.
The number of UK-based and overseas students choosing to live and study in the UK is increasing year-on-year and universities haven’t got the capacity to house the influx of new students each year. Now is definitely the time to invest in student accommodation and invest in a brighter future.
To find out more about what we do and the investment opportunities available to you, simply call us on 01422 825026 or email firstname.lastname@example.org