Rents in the European purpose-built student accommodation (PBSA) sector are rising steadily, driven by strong growth in Central and Eastern Europe (CEE), new research by rented residential specialist Bonard reveals.
The research found that on average, rents increased by 9.7% (970 BPS) in the academic year September 2021-September 2022, reflecting 'some particularly significant spikes' in CEE.
The report is based on an analysis of rents charged by 172 private PBSA providers across Europe as well as one-on-one discussions with industry players.
In CEE, growth rates averaging 17.4% (1740 BPS) were recorded over the period, dwarfing the 3.1% (or 310 BPS) rise seen in Western Europe.
