United Kingdom Student Accommodation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

UK Student Accommodation Market is segmented by accommodation type (Halls of residence, Rented houses or rooms, Private student accommodation), by location (City Center, Periphery), by rent type (basic rent, total rent), by mode (Online, Offline). The report offers market size and values in (USD million) during the forecasted years for the above segments.

UK Student Accommodation Market Size

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UK Student Accommodation Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 8.52 Billion
Market Size (2029) USD 11.11 Billion
CAGR (2024 - 2029) 5.45 %
Market Concentration Medium

Major Players

UK Student Accommodation Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UK Student Accommodation Market Analysis

The UK Student Accommodation Market size in terms of investment value is expected to grow from USD 8.52 billion in 2024 to USD 11.11 billion by 2029, at a CAGR of 5.45% during the forecast period (2024-2029).

The UK, over the years, has observed continuous growth in several International students, reaching a level of 605130 during 2020/21. In the year 2021, almost more than 45% of the students in the age group of 18-24 years were in education, with some of them employed as well. In the year ending 2021, 428,424 sponsored study visas were granted, representing a recovery from lower numbers of the COVID-19 pandemic and an increase from the pre-pandemic level. This showed the critical role of student accommodation providers for domestic and international students. China and Pakistan were among the countries with the highest growth of sponsored study visas in the UK in 2020/2021.

UK education institutions are known for their academic excellence and quality of education. With the advent of COVID-19, many students did not attend physically, and the mode of education transformed into a distance online teaching method. This resulted in a loss of revenue for student accommodation providers as students were leaving them and returning to their homes.

As the impact of COVID-19 reduced, the educational institutions and campuses opened, and students returned; this led to an increase in demand for student accommodation and impacted the accommodation prices by observing an increase. Confidence in student accommodation providers observed increased pipeline projects, signified confidence in the sector over the coming period.

UK Student Accommodation Market Trends

Students admitted in colleges affecting student accommodation market in UK

During the year 2021, a large section of the population in the UK was in the age group of 20-24, accounting for 4.03 mn, and in the year 2021 of the total population under the age group of 18-24 years, 44% of the population was engaged in education. This signifies almost more incredible than 2mn of the population in the age group of 18-24 years is engaged in education. This creates a large customer base for student accommodation service providers. Over the coming period, this growth is expected to continue as a large section of the UK population every year is entering into the tertiary level of the education system, which creates a significant demand in the student accommodation market.

UK Student Accommodation Market: Population in UK by age group, In Mn (2021)

Expansion in Education Market of UK Impacting Student Accommodation Market.

The UK has a world-class educational offering with a strong global position in the international market. This is leading to a large number of International students being admitted every year for higher education. In 2021/22, the United Kingdom spent almost GBP 100.3 Bn on education, making a strong global position for the UK and an attractive place for students to pursue their careers.

During the year 2019, almost 41% of the students in the age group of (18-24) years were engaged in education, and this increased to 44% in the year 2021; this combined with expanding UK education market, signals positive growth for UK student accommodation market over the coming years.

UK Student Accommodation Market: Public sector expenditure on education in UK in 2021/22, by sub-function, in Mn GBP

UK Student Accommodation Industry Overview

The United Kingdom is a continuously growing market for education and markets which depend on it. The UK education market has domestic and international students as its base, observing a continuous expansion over the years. The average living cost in the UK was GBP 924 a month in 2021, a significant share of the rent. After recovery from COVID-19, as more students search for accommodation with the re-opening of colleges and universities, student accommodation providers compete through price differentiation and varieties in facilities to maximize their gains. In 2022, CRM Students, United group, Uni Acco, United Living, University living, Amber students, Vita Students, Collegiate, Downing Students, and others existed among players operating in the student accommodation market.

UK Student Accommodation Market Leaders

  1. CRM Students

  2. Unite Group

  3. Uni Acco

  4. University living

  5. Amber Student

*Disclaimer: Major Players sorted in no particular order

UK Student Accommodation Market Concentration
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UK Student Accommodation Market News

  • February 2023: Sunway RE Capital expanded its student accommodation portfolio by acquiring Freehold purpose-built student accommodation, green word court, in Southampton, UK. The facility has 223 beds arranged as 217 non-en suites and 16 studios. The facility is just a few miles from the University of Southampton's Highfield and Bolderwood campuses.
  • March 2022: Unite group sold a portfolio of 11 student accommodation properties with almost 4,500 beds at a price of more than GBP 306 Mn to an affiliate of Loan Star Funds. The disposal was a part of the group's proactive portfolio management strategy, resulting in increased alignment with high and mid-ranked universities delivering the most excellent quality and value to students.

UK Student Accommodation Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights of Technology Innovations in the Market

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Accommodation Type

      1. 5.1.1 Halls of Residence

      2. 5.1.2 Rented Houses or Rooms

      3. 5.1.3 Private Student Accommodation

    2. 5.2 By location

      1. 5.2.1 City Center

      2. 5.2.2 Periphery

    3. 5.3 By Rent Type

      1. 5.3.1 Basic Rent

      2. 5.3.2 Total Rent

    4. 5.4 By Mode

      1. 5.4.1 Online

      2. 5.4.2 Offline

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 CRM Students

      2. 6.2.2 Unite Group

      3. 6.2.3 Uni Acco

      4. 6.2.4 University living

      5. 6.2.5 Amber Student

      6. 6.2.6 Vita Student

      7. 6.2.7 Collegiate

      8. 6.2.8 Homes for Student

      9. 6.2.9 Downing Students

      10. 6.2.10 Fresh Student Living

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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UK Student Accommodation Industry Segmentation

The study tracks the key market parameters, underlying growth influencers, and student accommodation service providers operating in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued from the Student accommodation market in the UK. UK Student Accommodation Market is segmented by accommodation type (Halls of residence, Rented houses or rooms, Private student accommodation), by location (City Center, Periphery), by rent type (basic rent, total rent), by mode (Online, Offline). The report offers market size and values in (USD million) during the forecasted years for the above segments.

By Accommodation Type
Halls of Residence
Rented Houses or Rooms
Private Student Accommodation
By location
City Center
Periphery
By Rent Type
Basic Rent
Total Rent
By Mode
Online
Offline
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UK Student Accommodation Market Research FAQs

The UK Student Accommodation Market size is expected to reach USD 8.52 billion in 2024 and grow at a CAGR of 5.45% to reach USD 11.11 billion by 2029.

In 2024, the UK Student Accommodation Market size is expected to reach USD 8.52 billion.

CRM Students, Unite Group, Uni Acco, University living and Amber Student are the major companies operating in the UK Student Accommodation Market.

In 2023, the UK Student Accommodation Market size was estimated at USD 8.08 billion. The report covers the UK Student Accommodation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UK Student Accommodation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

UK Student Accommodation Industry Report

Statistics for the 2024 UK Student Accommodation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK 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.

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United Kingdom Student Accommodation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)