Student accommodation sector robust says Knight Frank
Rental growth in the student accommodation sector remains robust, recording a growth of 5% a year over the last six years, compared to 0.6% for commercial property, according to Knight Frank.
In its latest report on student accommodation published today it said the market demand for university places continues to rise. Preliminary figures suggest a further increase in demand for places in the 2010/11 academic year, with UCAS reporting a 12% rise in applications at its October deadline.
Knight Frank said its 2010-11 early indicators show that student rents will continue to rise by 5%, in the ensuite market and high-end studios, particularly those in London, will remain static without any falls …