Overseas boom: Europe may prove accommodating

Low rents, cheaper fees and lack of construction ideal combination

July 25, 2013

Investors in student accommodation are turning their attention towards mainland Europe because the Continent is ripe for a boom in overseas student numbers.

A report by Savills, the estate agents, predicts that low tuition fees and living costs will draw increasing numbers of international students to the mainland, creating a major investment opportunity for accommodation providers.

Countries such as the Netherlands are hoping to attract more overseas students – who are likely to want purpose-built accommodation – by offering more courses in English, Savills argues.

Cities with strong, high-quality institutions and more affordable living and tuition costs, including Paris, Amsterdam, Milan and Barcelona, offer good opportunities for investment, it adds.

“While the UK is now well established as a destination for student housing investment, the European market remains relatively untapped,” says Spotlight: European Student Housing.

The report also reveals that the UK has by far the most expensive student rents in Europe, at an average of £117 a week. This compares with £48 in Germany, £73 in France and £85 in the Netherlands. Average rents in London are well in excess of those in any other city in Europe, while Oxford and Exeter are the second and third most expensive. Utrecht, Maastricht and Paris are among the costliest locations outside the UK.

The UK also has the most expensive undergraduate courses for students from outside the European Union, followed by Sweden, the Netherlands, Switzerland and Spain.

Savills finds that students in Southern Europe are more likely to live at home while attending university than those in the North.

Continental countries often have very low levels of purpose-built student accommodation, it finds.

“A decade ago the UK was characterised by sub-standard student accommodation,” Spotlight argues. “The private sector has filled a gap in this market to meet the demands for quality accommodation. Mainland Europe still presents an opportunity to do the same.”

david.matthews@tsleducation.com

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

PhD Scholar in Medicine

University Of Queensland

Manager, Research Systems and Performance

Auckland University Of Technology

Lecturer in Aboriginal Allied Health

University Of South Australia

Lecturer, School of Nursing & Midwifery

Western Sydney University

College General Manager, SHE

La Trobe University
See all jobs

Most Commented

women leapfrog. Vintage

Robert MacIntosh and Kevin O’Gorman offer advice on climbing the career ladder

Woman pulling blind down over an eye
Liz Morrish reflects on why she chose to tackle the failings of the neoliberal academy from the outside
White cliffs of Dover

From Australia to Singapore, David Matthews and John Elmes weigh the pros and cons of likely destinations

Mitch Blunt illustration (23 March 2017)

Without more conservative perspectives in the academy, lawmakers will increasingly ignore and potentially defund social science, says Musa al-Gharbi

Michael Parkin illustration (9 March 2017)

Cramming study into the shortest possible time will impoverish the student experience and drive an even greater wedge between research-enabled permanent staff and the growing underclass of flexible teaching staff, says Tom Cutterham