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Student Residences to Increase Capacity by 20% by 2023

The sector will increase its capacity by 19,000 beds over the next two years, resulting in a student-mobility (students living outside of their parents’ home) to bed ratio of 4.3.

Residencia de estudiantes en Madrid

 

Student accommodation is consolidating its position as one of the most resilient real estate assets in the face of the coronavirus. It continues to attract investor interest, according to The Student Accommodation Insights 3.0 report by Deloitte.

Out of just over 1.6 million students in higher education in Spain, almost half a million are mobile. At present, there are 97,000 beds available in student residences, a ratio of 5.1.

Deloitte is forecasting that the sector will increase its capacity by 19,000 beds in the next two years, a ratio of 4.3, as the number of new, out-of-home students is expected to increase by 5,000. As such, cities such as Seville and Malaga will see ratios below four once the current projects are completed.

Read the full article in Spanish

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