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By first mate · Posted
"Dedicated to the purpose-built student accommodation sector. PBSA News is the leading source of news, insights and analysis for professionals, investors and stakeholders in the purpose-built student accommodation sector. With a mission to provide the latest information and foster collaboration within the rental community." Â The PBSA take on the strength of the market seems much more upbeat than does the govt. research paper. Perhaps they are right or perhaps it is in their interests to talk up the market? Â Â -
By LurkyMcLurker · Posted
I think a lot of people here are just speculating about empty student accommodation properties. Student accommodation developments are very popular because they provide really great rates of return for the owner. A large student accommodation owner, Unite Students, saw 97.5% occupancy across their assets in the 2024/2025 academic year. They have many properties in London; https://pbsanews.co.uk/2024/10/09/unite-students-reports-record-occupancy-rates-in-q3-2024-update/ Here's a bit from CBRE on PBSA properties in London from May 2024: https://www.cbre.co.uk/press-releases/london-plan-policy-fails-to-deliver-affordable-student-accommodation - "According to new research by CBRE and QX Global, the gap between demand for PBSA and available supply in London currently stands at 100,000 – 105,000 full-time students, underscoring how demand for student housing has outpaced supply." - The development pipeline in London isn't keeping up with the demand. Ultimately this development wouldn't be built if student accommodation wasn't in demand. It's proximity to the station means that a student could get to any number of universities easily in a short span of time. Is it ideal? No. Would more affordable housing be better? Yes. Is speculating about channel migrants occupying the space uninformed idiocy? Absolutely. -
Really pleased your cats are both home now, but what a very difficult situation. -
it isn't said on any news source that I look at. Are you asking on social media whether what you read on other social media is true?
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