Market Size of Germany Student Accommodation Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
