UK Student Accommodation Market Trends

Statistics for the 2023 & 2024 UK Student Accommodation market trends, created by Mordor Intelligence™ Industry Reports. UK Student Accommodation trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

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Team License

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Corporate License

$8750

Book before:

Market Trends of UK Student Accommodation Industry

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

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