Steady outlook for purpose built student property in the UK
The purpose built student property sector in the UK is resilient despite uncertainty with the number of space due to be ready for the 2019/2020 academic year up by 25%, new research shows.
This year on year increase in the development pipeline across more than 60 university towns and cities highlights the resilience of the sector, despite wider uncertainties, according to the analysis from real estate firm Knight Frank.
In total, the increase will lift the overall number of purpose built student bed spaces by 5.1% to over 600,000. A further 14,000 bedrooms are under construction or in planning and due to be delivered in during the 2020 and 2021 academic years, although this total may rise as new applications are approved …