There has been a sharp rise in the number of students living in private sector purpose-built student accommodation (PBSA) in the UK in recent years, fresh figures provided by Knight Frank show.
The property consultant reports that the volume of students residing in PBSA in the UK has more than doubled over the last decade, making it one of only a few asset classes to deliver positive rental growth every year since 2007.
The average weekly rent for en-suite accommodation across the UK has climbed from £120 to £143 over the last five years, underpinned by an annual growth in rents as well as the organic growth of the sector, including the introduction of new, higher specification student property into the market, which largely explains why the market for student property is gathering investors’ interest.
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"the volume of students residing in PBSA in the UK has more than doubled over the last decade"
Hardly surprising given the vast amount that has been built with many places not having any 10 years ago. But does that make it an attractive investment going forward? Hmm
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