European Living Investor survey indicates PBSA growth

June 13th 2024 - Posted by

nvestors are increasingly diversifying away from the traditional commercial real estate sectors into Living (or ‘beds’) and Hotels. These findings are according to Savills Research and Savills Investment Management via their European Living Investor Survey.

In Europe, an increasing proportion of investment is in these sectors. In 2014 was 23% of total investment rising to 33% in 2023.

The Living and Hotels sectors are defined by Residential as PBSA, Multifamily, Single Family, Affordable Housing, Co-living and Senior Housing …

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The Class Foundation and Savills discover PBSA investment growth

November 9th 2023 - Posted by

Non-profit organisation The Class Foundation and real estate company Savills’ new European PBSA Investment Barometer Report reveals that 93,600 beds, equating to €12.3bn in investments, can be expected over the next two to five years. This will be led by Spain, Italy, Germany, France and Portugal.

Published during The Class Foundation Conference in Barcelona today (9 November 2023), the report includes findings from a survey of 11 European investors and operators who collectively manage PBSA assets worth €17.8bn, totalling 122,500 PBSA beds.

According to Savills, there are currently 1.94 million PBSA beds (public and private) across Europe, with an estimated total value of c.€286bn. Respondents to the survey expect to see significant growth in the number of private beds being added to the European market, with a further 93.6k expected over the next few years. This equates to an additional investment of €12.3bn in the delivery of new supply …

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Student accommodation market reaches ‘crisis point’, Unipol and HEPI find

November 3rd 2023 - Posted by

Student accommodation provider Unipol and the Higher Education Policy Institute (HEPI) release a new report titled ‘Student accommodation costs across 10 cities in the UK: Cost pressures and their consequences in purpose-built student accommodation’ (PBSA).

The report strongly highlights that rents for student accommodation have increased by an average of 14.6% over the past two academic years, meaning they now use up nearly all the average maintenance loan. Because of this, the report includes policy recommendations, revisions to maintenance support for students and new affordable room options.

Providing an authoritative picture of student living, the report has been conducted in response to the rent rises and supply issues witnessed over the years. It includes data voluntarily submitted by both universities and the ten largest providers of PBSA operating across ten major regional university cities, who collectively manage over 125,000 beds in those cities. Cities covered include Bristol, Exeter, Glasgow, Leeds, Liverpool, Nottingham, Bournemouth, Cardiff, Portsmouth and Sheffield …

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Turley releases new report ‘PBSA in London: a capital opportunity?’

October 31st 2023 - Posted by

Independent advisors Turley has released a new report titled ’PBSA in London: a capital opportunity’ that aims to offer insights into how London Plan Policy H15 – providing a blueprint for student housing schemes and local policy alike – is influencing decisions across the city’s boroughs.

The development of PBSA in London is on the rise as the demand for much-needed student homes is continually increasing.

From January 2020 to August 2023, Turley has gathered and analysed data on all Greater London Authority (GLA) referrable PBSA schemes in London …

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Student housing in Italy: current fears and future opportunities

August 23rd 2023 - Posted by
As a new academic year approaches, a wave of excitement builds among thousands of students who are on the brink of embarking on their university journey. The 75 universities in Italy are working tirelessly to prepare for the arrival of first-year students and to welcome back the returning members of the student community. This community is brimming with enthusiasm to step foot on campuses once again, forging connections with new acquaintances and reuniting with old friends. Italy maintains its status as a dynamic hub for students, boasting exceptional universities nestled within vibrant, student-centric cities.

The Italian university system enrols a substantial 1.8 million students, among whom 54,900 represent the international student body. Furthermore, Italy proudly holds a spot in the top three destinations for those opting to enrich their education through the renowned Erasmus+ program, with a remarkable 53,022 students choosing Italy as their study destination in 2021 alone. Consequently, the commencement of the academic year is poised to unite this diverse array of students, infusing vitality into university campuses and urban landscapes throughout Italy.

However, reality has arrived to sour this optimistic perception, as the new beginnings that unfold are not always free from stress for some. This is particularly true for the numerous newcomers who find themselves grappling with the challenge of securing suitable housing in order to establish themselves and commence their fresh academic journey …

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Spain & Portugal: promising markets for student housing, but with a highlighted need for more ESG innovation

June 20th 2023 - Posted by

Portugal and Spain have been turning investor attention to their growing student housing market for the past few years as international students come into Iberia in increasing numbers every year. From 2015 – 2021, there was there was an 55.5% increase in international students attending Portuguese universities, while Spain experienced an increase of over 20% in international students over the past 5 years.

This growth in the number of young people in the higher education sector can be attributed to a highly diverse number of factors. Besides the attractiveness of Iberia’s beautiful cities, quality of life and culture, many reasons can be attributed to developments in the pan-European international education landscape of recent years.

The expansion of initiatives such as the Erasmus program and universities consolidating with accommodation providers, have allowed for greater student mobility in recent years, or at least a surge in interest for studying abroad.

The number of student beds, however, have not been able to keep up with the soaring demand. In Portugal, the provision rates in Lisbon and Porto are still below the European average. Between Lisbon and Porto, the supply of PBSA is approximately 6,000 beds, and other academic cities such as Coimbra, Braga, Aveiro, Évora and Covilhã are still severely lacking accommodation. Meanwhile, there were more than 410,000 university students in 2022 …

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The Class Foundation’s Student Demand Survey: Key Trends & Findings

March 2nd 2023 - Posted by

Interest in studying abroad only continues to rise as the world moves further away from being afflicted by a worldwide pandemic [ICEF Monitor]. As students travel in droves to different countries for higher education, it becomes increasingly important to study how student mobility affects student housing demand trends. After all, students can only thrive in their studies when they are accommodated well with the proper provision of housing. Unfortunately in 2022, the average provision rate for PBSA across European cities was only 12.5%, which was down from 13% in 2021 [Savills]. This means that the delivery of new beds in 2022 was not enough to catch up to the overall increase in students …

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Tracking global demand and price trends in purpose-built student accommodation

February 22nd 2023 - Posted by
  • Demand for student housing remains strong in destinations around the world
  • That demand pattern is expected to hold even if, as expected, inflationary trends place additional upward pressure on rental rates for the coming academic year

The 2022 Student Housing Annual Report from industry research specialists BONARD provides important insights on purpose-built student accommodation (PBSA) stock across 253 markets in Europe, the Americas, Asia, and Australia. In total, those markets are home to 13,676 PBSA facilities, a third of which are managed by private-sector providers, and 2,255,678 beds …

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“Victoria Hall engaged TigerLime to conduct a full operational review of one of our student accommodation halls in the North West. We look forward to developing our relationship with TigerLime further and working again together.”

Patrick Cox (Investment Director), Victoria Hall