The student accommodation sector’s journey on its unprecedented boom is not about to end soon, according to property research specialists Knight Frank who have predicted that the market will continue to produce positive results.
The research specialists have predicted UK investment over the next 12 months to produce a colossal return of 9.2%. A simple mismatch between supply and demand in an extremely under-supplied market has stimulated this rise and led to an increase of 0.4% on London returns to 9.1%, and forecast rises of 3% in London and 2.75% in the regions from September 2013.
The UK continues to attract students from around the globe because of its illustrious reputation as one of the world leader’s within the sector and the quality and prestige associated with a British education – five of the world’s top thirty ranked universities are situated in the UK. Over 19.2% of the student population are represented by overseas students who have a tendency to look towards private student accommodation which has contributed to the prolonging boom of this housing sector.
The admission cap removal is set to boost the numbers of student applications in the UK as it increases the amount of students who can be accepted in to prestigious Russell Group universities; this is bound to lead to an unparalleled boost in applicants, which will only help the market thrive even more.