Germany Student Accommodation Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.06 Billion |
| Market Size (2029) | USD 6.72 Billion |
| CAGR (2024 - 2029) | 5.45 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Student Accommodation Market Analysis
The Germany Student Accommodation Market size is estimated at USD 5.06 billion in 2024, and is expected to reach USD 6.72 billion by 2029, growing at a CAGR of 5.45% during the forecast period (2024-2029).
Over the years, international students studying in Germany have observed a continuous increase in international and domestic terms. More than 350K international students attended a German higher education institution during this current year academic year, an 8% increase from the previous year and a new record. Countries with the highest share of the inflow of their students to Germany are India, China, Russia, Austria, Syria, and Iran. The share of part-time students at the tertiary level in Germany was high compared to the previous year, It shows that large share of students in Germany attending regular education, which plays a major part in student accommodation market demand. Germany is a country spending a large share of its GDP (4.6%) in 2022 on education, leading to better institutions at the secondary and tertiary levels. The country also encourages more students to choose Germany for their education.
With the advent of Covid 19, the student accommodation market in Germany and Europe observed a fall in revenue and increased operating costs, with students returning to their homes. It leads to a halt in pipeline projects to expand student accommodations. As the covid cases started reducing, persistent fear among students of the virus spread led student accommodation providers to develop strategies for operating post-lockdown.
As the impact of Covid 19 reduced with mass vaccination programs, students are returning to their colleges, leading to a revival of business for student accommodation providers. With 18 million students enrolled for tertiary education during 2020, of which 60% enrolled in bachelor's degrees, the covid-19 revival is creating business opportunities in the student accommodation market in Germany, with students demanding more hygienic and clean stay.
Germany Student Accommodation Market Trends
Cost of Living In Germany Affecting Student Accommodation Market
Universities located in different cities and difference in cities living expense is among the major factors students look over while finalizing a location and university of their choice. Some of the best cities that students consider include Munich, Berlin, Stuttgart, Frankfurt, Dresden, Aachen, Bonn, Hamburg, Cologne, and Leipzig. These cities provide students with top-ranked universities with diverse communities and prospects. These trends among student choice lead most of the student accommodation providers to invest in these cities for their business.
During the Winter Semester of 2021, Bavaria, Hesse, and Berlin were among the states with a student population, leading to many students entering the student accommodation market.
Accommodation price for students varies by the city in Germany. For Berlin average cost of rent varies from USD (1001-1,344) per month. Similarly, for other countries of Hamburg, Munich, Frankfurt, and Stuttgart, the average cost ranges from USD[(1043.12-1463),(1,420-1,902),(1,526-1,530) and (1005.21-1,383)] respectively in the year 2021.
Increasing Enrollment of International Student
With the resumption of travel bans and restrictions, international student enrollment rose. In 2021, at least 330,000 international students were enrolled in universities in Germany. Germany in 2021 includes over 400 universities offering courses in bachelor's, master's, and Ph.D. programs. Many students are enrolled every academic year, creating demand for student accommodation.
The soaring price of education across the globe attracts many students to study in german universities, creating positive externalities for the student accommodation market. Almost 90% of the degree programs offered by public students in Germany are free of tuition, providing free space for students to spend on accommodation.
As per a study by the German organization international Students in Germany observed continuous growth over the years, from 394,665 students enrolled in higher education in 2019 to 416,437 in 2021, with continued growth expected over the coming years.
Germany Student Accommodation Industry Overview
In 2021, Germany's Share of the population in the age group (18-24) was comparatively low compared to other age groups and countries in the EU. Population under the age group of (18-20) years existed at 2.4 billion, and for (21-24) years population was 3.7 million. As a large part of the student accommodation business is driven by the tertiary education segment age group, this low growth of the population segment leads to student accommodation providers. They also depend on international students and compete for increased market share.
During 2022, Uni Acco, University Living, I am Expat, Amber Students, GSA group, and other accommodation providers, with varying prices, services, and locations, were competing for an increase in their share in the market combined with continuous expansion.
Germany Student Accommodation Market Leaders
UniAcco
UniversityLiving
IamExpat
Amber Student
GSA Group
*Disclaimer: Major Players sorted in no particular order
Germany Student Accommodation Market News
- January 2023: International Campus acquired five student apartment blocks from Allianz Real Estate and CBRE Investment Management. This acquisition was one of the largest transactions of an International Campus in German Speaking region. The properties are in Berlin, Frankfurt, am Main, Hanover, and Vienna.
- November 2022, Berlin-based Catella Residential Investment Management GmbH (CRIM) sold two centrally located fully-let residential and student housing assets in Warsaw and Krakow in Poland to institutional investors in Austria and the Netherlands for more than USD 65.38 million on behalf of Munich-headquartered AIFM platform Catella Real Estate AG (CREAG).
Germany Student Accommodation Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Accomodation Type
5.1.1 Halls of Residence
5.1.2 Rented Houses or Rooms
5.1.3 Private Student Accomodation
5.2 By location
5.2.1 City Centre
5.2.2 Periphery
5.3 By Price
5.3.1 Economy
5.3.2 Mid-Range
5.3.3 luxury
5.4 By Rent Type
5.4.1 Basic Rent
5.4.2 Total Rent
5.5 By Mode
5.5.1 Online
5.5.2 Offline
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GSA Group
6.1.2 Unite Group
6.1.3 Uni Acco
6.1.4 University living
6.1.5 Amber Student
6.1.6 GSA Group
6.1.7 Iam Expat
6.1.8 Expatrio
6.1.9 Studentendorf Schlachtensee
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Germany Student Accommodation Industry Segmentation
Residential space designated specifically for housing students is referred to as student accommodation. The study tracks the key market parameters, underlying growth influencers, and student accommodation service providers operating in the industry. It supports market estimations and growth rates over the forecast period. The study also tracks the revenue accrued from the student accommodation market in Germany. The Germany Student accommodation market is segmented by accommodation type (halls of residence, rented houses or rooms, and private student accommodation), location (city center and periphery), price (economy, mid-range, and luxury), rent type (basic rent and total rent), mode (online and offline). The report Offers Market size and forecast for the Germany Students Accommodation Market in volume and value (USD) for all the above segments.
| By Accomodation Type | |
| Halls of Residence | |
| Rented Houses or Rooms | |
| Private Student Accomodation |
| By location | |
| City Centre | |
| Periphery |
| By Price | |
| Economy | |
| Mid-Range | |
| luxury |
| By Rent Type | |
| Basic Rent | |
| Total Rent |
| By Mode | |
| Online | |
| Offline |
Germany Student Accommodation Market Research FAQs
How big is the Germany Student Accommodation Market?
The Germany Student Accommodation Market size is expected to reach USD 5.06 billion in 2024 and grow at a CAGR of 5.45% to reach USD 6.72 billion by 2029.
What is the current Germany Student Accommodation Market size?
In 2024, the Germany Student Accommodation Market size is expected to reach USD 5.06 billion.
Who are the key players in Germany Student Accommodation Market?
UniAcco, UniversityLiving, IamExpat, Amber Student and GSA Group are the major companies operating in the Germany Student Accommodation Market.
What years does this Germany Student Accommodation Market cover, and what was the market size in 2023?
In 2023, the Germany Student Accommodation Market size was estimated at USD 4.80 billion. The report covers the Germany Student Accommodation Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Germany Student Accommodation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Germany Student Accommodation Industry Report
Statistics for the 2024 Germany Student Accommodation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Germany Student Accommodation analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
