A huge 87% of all new beds in student accommodation were delivered by private sector providers in 2019, the joint highest proportion on record.
The figure was revealed in Cushman and Wakefield’s annual UK Student Accommodation report for 2019/20.
- demand for student accommodation continues to rise around 30% faster than number of beds developed.
- in all 114,000 Purpose Built Student Accommodation (PBSA) beds are in the pipeline, two thirds have full planning approval.
- deals worth £2.5 billion were transacted by end of October 2019 with a further £2 billion under offer.
To read the report in full click here.
New purpose-built student blocks are springing up in university towns and cities across the UK, but traditional PRS homes are still popular with students. We explored the issue in a recent edition of RLA members’ magazine RPI. To read the article in full click here.