Students Turn to PBSA
The evolvement of the student accommodation market is now well under way, with the increase of private investment into the rental sector of PBSA’s (Purpose Built Student Accommodation).
Today’s modern day student in more discerning than their predecessors and reports suggest that students are now willing to pay more for this type of modern accommodation than the previous alternative of HMO stock.
The recent Knight Frank report suggests this differential will vary on the geographical location, but conclude “rents for PBSA are up to 75% higher than HMO’s”. So what is a PBSA? As the names suggests, these are modern, purpose built student accommodation, which offer a higher quality of accommodation, normally en-suite …