Market Size of UK Student Accommodation Industry
| 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
*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.
