We are pleased to share our summary of what happened in the PBSA market in 2020, as well as what can be expected in 2021 in terms of investments and operations, as a result of our joint research project with The Class of 2020.
Stefan Kolibar, our Head of Marketing, shared that the occupancies during the pandemic decreased by 10% on average (while original expectations were 20% or more).
More insights for 2020/21?
The lenders, investors, and developers are eager to continue investing in Student Housing asset class in 2021 and more than in many other traditional sectors that have been significantly hit by the pandemic.
Student Accommodation now represents a more suitable and safer way of living for students than other types of living as operators have already adapted to the current situation and conditions.
Students are considered to be the fastest adapters of new trends, and in addition, the global number of students has increased during and/or after each economic downturn and is expected to increase again in and beyond 2021.