Global property consultancy Knight Frank has stated that ‘total returns in the [PBSA] sector have outperformed all other traditional asset classes’ in the UK and that this has been the case since 2011. It is predicted that this will continue well into 2014 thanks to a maturing market and increasing student demand.
This demand has been created by a number of factors; a shortage of suitable accommodation, a natural decrease of the old housing stock and the movement of students away from traditional shared houses.
Student numbers in the UK are also being boosted by the growing number of international students flocking to the country. Knight Frank has predicted that these numbers will rise by 4% in the upcoming academic year, and the government has stated that they will continue to encourage this growth.
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