UK Student Accommodation Market Size (2024 - 2029)

The United Kingdom student accommodation market is anticipated to experience significant growth in its market size over the forecast period, driven by an increase in both domestic and international student enrollment. The recovery from the COVID-19 pandemic has revitalized demand for student housing, as educational institutions reopened and students returned to campus. This resurgence has led to a rise in accommodation prices and a boost in confidence among providers, evidenced by the increase in pipeline projects. The market's expansion is further supported by the UK's reputation for academic excellence, attracting a steady influx of international students.

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Market Size of UK Student Accommodation Industry

UK Student Accommodation Market Summary
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

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 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 Size Summary

The United Kingdom student accommodation market is poised for significant growth, driven by the increasing influx of international students and the robust domestic education sector. The UK's reputation for academic excellence attracts a substantial number of international students each year, contributing to the expanding demand for student housing. The market has shown resilience and recovery post-COVID-19, with educational institutions reopening and students returning, which has led to a rise in accommodation demand and prices. The sector is characterized by a competitive landscape, with providers offering diverse pricing and facility options to cater to the growing student population. This growth trajectory is supported by a steady increase in the number of students engaging in tertiary education, both domestically and internationally, creating a large customer base for accommodation services.

The market dynamics are further influenced by strategic movements within the industry, such as acquisitions and portfolio management by key players like CRM Students, Unite Group, and others. These companies are actively expanding and optimizing their portfolios to align with high-ranking universities, ensuring they meet the quality and value expectations of students. The ongoing expansion of the UK education market, coupled with the rising living costs, underscores the importance of student accommodation as a critical component of the educational experience. As the market continues to evolve, it is expected to maintain its growth momentum, supported by the increasing number of students and the strategic initiatives undertaken by accommodation providers.

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UK Student Accommodation Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights of Technology Innovations in the Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Accommodation Type

      1. 2.1.1 Halls of Residence

      2. 2.1.2 Rented Houses or Rooms

      3. 2.1.3 Private Student Accommodation

    2. 2.2 By location

      1. 2.2.1 City Center

      2. 2.2.2 Periphery

    3. 2.3 By Rent Type

      1. 2.3.1 Basic Rent

      2. 2.3.2 Total Rent

    4. 2.4 By Mode

      1. 2.4.1 Online

      2. 2.4.2 Offline

UK Student Accommodation Market Size 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.

UK Student Accommodation Market Report Snapshots

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