UK private sector accommodation heats up
Students in the UK are increasingly living in private sector halls of residence. Numbers rose by around 10,000 in 2018/19 – to a total of almost 160,700 – up 7% from 2017/18 figures. It’s a result of student demand, enrolment increases and educators wanting to focus on education – and private accommodation providers anticipate further growth, they say.
Annual HESA statistics showed that the latest total of students in private sector halls of residence marked a 36% increase from 2014/15 numbers.
Investors seem to be taking note – a report has suggested transaction values in student housing could exceed £7.5 billion over the next 12 months …