The Rental Market: Meeting Student Demand Though BTR
There is a perceptible increase in purpose-built student accommodation (PBSA) all over the UK. There is an increase in investor interest in this sector, and developers are rushing to help meet the demand. Assetz Capital, Northampton, has provided funding of 13.26m to convert a former retail store into over 200 student apartments. The Cassidy Group from Nottingham has plans to create over 3,000 beds in the next two years. The PBSA market is resilient with considerable growth potential. With investor enthusiasm growing and developments taking place all over the UK in the PBSA sector, parallels are being drawn between the seemingly more mature BTR market and the UK student accommodation market. It throws up some interesting facts.