Some of the world’s richest people and sovereign wealth
funds are turning their attention to student housing, with the increasingly
luxurious and expensive purpose-built accommodation becoming regarded as a must-have
part of their investment portfolio. The UK purpose-built student accommodation
market is estimated by Knight Frank to be worth £46bn and new developments
completed this year are expected to total a record £4.7bn. Last year, £3.1bn
worth of student halls were sold – more than double the amount traded in 2013
and 2014. All five of the biggest deals – worth a combined £1.5bn – were sold
to overseas investors. Read more on the Guardian website.
Housing minister vows to crack down on property management ‘wild west’
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Exclusive: Matthew Pennycook takes aim at unfair practices made possible by
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The housing minister has promised to cr...
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