PBSA is a core sector focus for Zenzic. We are approaching 1,000 beds across the UK currently and are committed to building out our portfolio. A recent survey published by Knight Frank highlights some very interesting themes in the world of PBSA:
➡ Accommodation Influence on University Choice: 65% of first-time university applicants stated that the availability of accommodation influenced their decision on where to apply.
➡ Preference for Purpose-Built Accommodation: 69% of students in private purpose-built student accommodation (PBSA) rated the option to live in a property for more than one year as good or excellent.
➡ Affordability Concerns: Affordability is a significant issue, with 44% of students living in private PBSA considering their accommodation good or excellent value for money.
➡ Student Wellbeing Support: 78% of respondents indicated that their accommodation providers’ commitment to supporting student wellbeing and mental health was an important factor in their decision about where to live.
➡ Quality and Amenities: Students value amenities that add value, with only 3.5% willing to live without fast WiFi for cheaper rent, and 66% preferring cheaper rent over amenities like an on-site swimming pool.
Please see the Survey Report here: Knight Frank & UCAS Student Accommodation Survey Report – 2024 | Knight Frank Research
