As the accommodation crisis grows , and with it demand , developers and investors have identified an opportunity . Private investors who purchase property close to universities for their own children while they are studying find the resale value of the property increasing , sometimes to almost double the initial price they paid , which certainly highlights the potential of student accommodation as a sound investment opportunity .
Property developers too have targeted this new opportunity and adjusted their sights to make the most of the rising need for student accommodation . Property management companies like Rawson , Seeff , Cape Living , Student & Life , Go Green and MidCity , to name a few , have changed the landscape to deliver first-class student accommodation . MidCity recently launched The Edge Student Living in Gauteng . Specialising in transforming the student lifestyle , they offer three-bedroom suites , which are furnished with desks , chairs , mattresses , couches , fridges , microwaves , etc . Add a rooftop entertainment area with a big-screen TV and braai facilities , then throw in 24-hour security , an IT lab for group work sessions and self-service laundry , and students will never want to leave .
investment
Another current trend in the property space is revitalisation . Revitalisation is when old buildings , houses and apartment blocks are either demolished or renovated into modern student apartments . Revitalisation has allowed investors to grow their opportunity by buying and repurposing properties in targeted student zones . Areas and businesses in and around student lifestyle spots have also benefited from revitalisation , as it directly increases traffic to pubs , cafes , bookshops , gyms , grocery stores and restaurants .
Investing in student accommodation is also proving to be feasible globally . Research has seen a rise in student entrance internationally , which puts pressure on current campus accommodation and infrastructure worldwide . In Canada , the majority of investors are buying family homes close to university grounds and adapting them into youth hostels . Property investors are also buying land close to universities and developing small and large-scale condo developments suitable for student living .
STUDENT STUDENT accommodation
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STUDENT LIVING