Student accommodation to hit £53bn next year

The UK’s purpose-built student accommodation sector will reach £53bn by the end of next year. The sector is expected to rise by £2.7bn from 2018 totals of £50.5bn, according to Knight Frank forecasts. It anticipates that some 29,000 additional beds will be delivered in 2019, bringing the total to more than 600,000. This equates to an average of £87,000 per bed. Investment into the sector will remain largely dominated by North American and Asian finance, with strong appetite from the US, Singapore and Hong Kong. Knight Frank is predicting 2% growth in rents and said existing players will look to