Tough times require more mid-price student homes – DTZ
Developers building pricey student homes in London should diversify into more affordable offerings as higher UK university fees and competitive private residential rents steer students towards cheaper options, DTZ said.
The property consultancy said most private developers were targeting affluent overseas students, with many concentrating on building studio apartments located in central London, leading to a lack of mid-priced options.
While London was an attractive market for developers, ‘a focus on delivering en-suite accommodation priced within the mid-range of rental levels would be the most sustainable against an unpredictable economic backdrop,’ DTZ said …