80% of UK student property transactions in 2015 involved the trading of existing stock, evidence of the appeal of operational developments.
Growing demand for properties with proven income streams
In 2015, total transactions in the UK purpose built student property market reached £5.9bn, according the Student Housing Report 2016 by Savills – a leading global real estate services provider.
Out of these, £4.75bn involved existing stock – much like our Scholar’s Village development, which has been operational since 2006.
This is evidence of the strength of the UK’s resale market, with record demand for operational properties with proven performance levels.
Strong and consistent growth since 2007
An average national occupancy level of 99% (CBRE) has underpinned high demand for UK purpose built student property.
Growth has been strong and consistent over the last decade, with an average of 44,000 units being traded each year between 2012 and 2014 – with a total annual value of £2.4bn.
It has now been the UK’s top performing asset for the last three years, while overtaking the US to become the largest global student property sector in terms of investment in 2015 with high demand for resale student accommodation.