[…] The European student housing market has grown significantly over the past decade. Transactions completed last year in continental Europe totaled $ 1.9 billion, a year-on-year increase, particularly compared to three years ago. According to the data provider BONARD, which specializes among other things in education and student housing, there are currently around 15 million full-time students in the region, distributed among 3,300 institutions. According to data released by Eurostat, the number of full-time students has increased by 7.7% in the last three years.
The student numbers in Berlin, Madrid and Paris showed an average annual increase of 2.5% in the three years to 2018. However, during this period, the supply of new bed space in purpose-built student dormitories could not cope with increased demand. Just to maintain the 20% coverage rate, these three cities would have to close a gap of more than 100,000 beds by 2021. As a result, there is a further increase in the interest of investors in this investment. […]
Samuel Vetrak, CEO of Student Data Specialist BONARD, said: “In continental Europe, the existing offer is dominated by public sector operators. However, this is currently changing. Demand for purpose-built student dormitories significantly exceeds supply. The coverage rate is 20% in the larger European cities, but there are larger differences between cities. Despite a relatively strong pipeline of purpose-built student dormitories in many European cities, the average rate is unlikely to increase too quickly. ” […]