PBSA sector seeing rapid expansion

Dramatic growth in purpose-built student accommodation now means it could now house 1 in 4 UK students, with Swansea University leading the way on 420 units - the most in the UK, according to new data released by EG.

Related topics:  Landlords
Property Reporter
25th November 2022
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EG’s latest PBSA data shows that Sheffield Hallam University is in second place with 221 and the University of Liverpool comes in a close third with 216.

Across the UK as a whole, PBSA now accounts for 600,000 beds – enough to house a quarter of the UK's students, with more than 1,500 further planned PBSA schemes across the UK.

Anna Reed, Data Director at EG, said: “Increasing student numbers combined with decreasing availability of rental properties has seen the demand for high-quality student accommodation rise dramatically, particularly in Swansea, Sheffield and Liverpool.

“Providing a diverse range of property options from large student halls to more exclusive residences with on-site facilities such as gyms, PBSA is evolving the student experience and making cramped shared houses a thing of the past.

“With the PBSA sector growing quickly and 1,544 more schemes planned across the UK, it’s not surprising that regulation is racing to keep pace. The arrival of the government-backed National Code, which states that developers must compensate students if their accommodation is not ready on time, means developers need to be alert to overrunning construction to retain maximum profitability.

“Looking ahead, as rents continue to rise, more local authorities may follow London’s lead where it’s now mandated that a percentage of rooms in PBSA developments must be let as ‘affordable’.”

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