Investment in Germany is expected to reach €1bn this year and the frontiers are expanding: Poland, Hungary, Portugal and the Czech Republic are now attracting attention too. In these markets, new build Purpose Built Student Accommodation (PBSA) is meeting the demands of students while expanding the investable product available.
The development of the sector has gone hand in hand with the globalisation of higher education. As migration and international student numbers become hot topics in the UK and US, other markets have recognised their importance as a tool to fuel domestic economic growth. They have instigated national internationalisation programmes and improved the marketing of their universities in concerted efforts to catch up with the frontrunners.
The availability of convenient, modern PBSA that plays an active role in the student experience, and could be a catalyst for such catch up. In all markets though, PBSA remains undersupplied so there are huge opportunities for those who can successfully navigate local markets to deliver new stock.