This report provides a unique insight into demand, supply and investment trends, as well as build and operational costs in the UK for the past year and Cushman & Wakefield’s outlook for 2023.
Headlines include:
- 2.2 million full-time students are studying at UK universities;
- More students than ever are studying away from home, up 221,990 from five years ago;
- 2021 visa issuances were 80.7% higher than in 2020 showing post pandemic recovery;
- Average rental growth is set to bounce back to 3.1% for 2022/23;
- National student to bed ratio stands at 2.39:1, 8% increase in headroom over the last five years;
- Delivery of 24,612 beds in 2021/22 was only 677 more than in 2020/21, projecting 17,000 new beds for 2022/23;
- 175,910 un-refurbished first-generation bed spaces in operation in the UK PBSA market for the 2021/22 academic year.
If you have any questions relating to the report, please contact Cushman & Wakefield via their website for more information on Cushman & Wakefield’s student accommodation offering.
