The turnover for investment in student housing is expected to hit £2.3 billion this year, according to new figures.
Demand for student accommodation is staying strong despite tuition fee increases in the UK and investors are matching it, according to Jones Lang LaSalle. So far this year, £763m has been generated through student property sales, while returns are expected to nearly double the £1.2 billion generated in 2011.
"We are seeing much more forward funding in this sector, and there is a lot of private equity around looking into this market," JLL Director of Student Accommodation Richard Taylerson told an alternative investment seminar this month.
Speaking to Estates Gazette, developer Urbanest added: "As the sector matures and stock increases, the level of competition for student housing developers is now opening up, and firms will have to think how they can distinguish themselves."
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