Student Housing Tempts Wealthy Investors

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.