The number of students in house shares in the private rented sector (other rented accommodation), has steadily increased since 2014/15. The number 'in own residence’ has also climbed.
With an average 2.9 students vying for each bed in the UK (Savills), the student sector is undersupplied. The issue is set to worsen without substantial increases to supply, with the number of people applying for higher education forecast to jump up 30% by 2030.
Provider maintained accommodation is also struggling to cope with surging student numbers, with the proportion living there dropping from 19% in 2018/2019 to 16% in 2021/22, resulting in more students having to live in privately rented accommodation.
With good yields and a growing market, now is the ideal time to buy in time for next year's intake. Source: #Dataloft, HESA 2021/22, Savills Aug 2023, UCAS Mar 2023
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