Some 29,000 purpose-built student bedrooms are due to be completed in the UK by the start of the coming academic year – up by one-quarter on 2017/18.
The pipeline will increase the overall capacity of purpose-built student accomodation to more than 600,000 students, according to research from Knight Frank.
A majority of the pipeline (68%) will be delivered as cluster flats – spaces with shared kitchens and lounge areas – due to students seeking out value for money and lower rents than they would have in studio flats.
Universities operate almost two-thirds of the current stock, but the private sector owns 38% of the stock universities operate. As a result, Knight Frank said there is an opportunity for further collaboration and investment from the private sector, particularly as universities look to improve or replace older stock.
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