Brundell Property has created a new briefing on a growing opportunity for property developers. The new materials include key facts on the current state of privately owned and operated purpose-built student accommodation (PBSA), with indications of the level of investment, the rapid growth, and the potential rewards for getting on board. Written by Brundell Property founder — Paul Brundell, the whitepaper also identifies the main challenges hindering future growth, and how professional property consultancy can enable investors to overcome these, to identify and seize opportunities that may have eluded others.
The paper describes the current market’s rapid growth - 287 new purpose-built student halls were opened in time for the new 2017 academic year, with a projected £5.3billion to be invested by the end of 2017, a 17% increase on the previous year. The sector has grown by 37% since 2014, and shows no signs of slowing.
At the same time, the paper anticipates many of the obstacles people looking to invest in this sector will face, the biggest of which is finding the right site to build on. The whitepaper goes on to describe the key investor demographics, the key end-user demographics and other market forces that give a positive outlook, before listing the best areas of the UK to shortlist for PBSA investment. Throughout, the benefits of engaging professional property consultants is emphasized in smoothing out potential difficulties to maximize ROI.
Paul Brundell from Brundell Property explained, “We have seen a massive growth in purpose built student accommodation and we will continue to see this growth as long as it stays the main choice for all university students. Because private and purpose-built accommodation can offer greater comfort, luxury and independent to halls of residence, a growing number of students are choosing it over the alternative. Our top three recommendations for investment are Bath, Birmingham and Brighton, but any from our list of ten top choices have great opportunities for development. Our professional consultants can help people identify sites, plan the properties, and get them up and running. We hope this new material encourages more people to consider PBSA than ever before.”
About Brundell Property: Brundell Property is a property business and consultancy, specialising in sourcing off-market development opportunities. Their expert team has a wealth of experience within the business, totalling over 80 years between them. Brundell can effectively manage any aspect of a property project, including site finding, planning and legal processes, as well as project development, disposal, and long-term management of completed schemes.
Release ID: 267282