The student hall sector is also suffering from the economic slowdown and the suspension of face-to-face teaching. However, between 2020 and 2022, 56 projects are expected to be constructed, which will add 19,000 beds to the supply in a market that is configured as a safe-haven in the uncertain real estate landscape.
With the academic year now virtual (the University of Navarra, for example, has just announced that none of its students will be returning to the classrooms this year), companies in the sector are focused on preparing for the 2020-2021 season, which begins in September. And although they are warning of the impact that this crisis may have on their income statements, the majority of the projects will go ahead, “if not in the hands of their current property developers because they do not survive the crisis, then through other companies or funds that are able to undertake the projects given that, of course, they have clear users”, says a source from a specialist consultancy.
