Record levels of investment in student property UK
Student property in the United Kingdom has attracted record levels of investment over the last few years.
Market leaders, Jones Lang LaSalle has reported that over £2 billion has been invested in the sector each year since 2012.
And the market is showing no signs of recovery.
In the first 6 months of 2015, over £4.2 billion has been invested in student property in the UK.
Why student property?
There are a few factors which are driving the UK’s student property market and rising student numbers is just one of them.
According to the latest figures from UCAS, 409,410 people had been accepted on to higher education courses in the UK as of midnight A-level results day 2015.
This is officially the highest number of acceptances registered on results day in history.
Plus the number of 18-year olds finding places at UK universities has seen the highest increase in terms of age brackets.
This news alone should give student property landlords in the UK confidence in the market, as individuals who fall into this age bracket are a key target market for student accommodation.
And it’s not just UK student numbers which are on the increase. Overall, foreign student numbers are also up 11% (UCAS).
The changing face of the student property market
It comes as no surprise that today’s student has to be financially savvy – especially after the rise of tuition fees in 2012.
Students no longer want to spend their money on dingy housing or bedsits and they are happy to pay for the privilege of staying in a modern, purpose-built room.
Many developments are all inclusive of bills and, as more accommodation arrives on the market, students are now spoilt for choice. Some developments even include free access to an on-site gym, cinema and even free Wi-Fi.
Overseas students are also attracted this this form of accommodation. Modern security features such as CCTV, fob locks and on-site management provides peace-of-mind to the parents of overseas students who are studying away from home.
With rising student numbers and record levels of investment in student property in the UK, the market is set to continue to grow. Moving forward, throughout the rest of 2015, the sector is likely to witness record levels of investment.