The Savills World Student Housing Report examines the latest trends in the student accommodation sector, PBSA demand and supply and future outlook across a number of countries. But perhaps some of the most interesting information to come out of the 2017-18 report has been the insight into what students are looking for and choosing in their student accommodation providers.
For many students, particularly those from overseas, the decision on where to study is based on University rankings. The QS World University Rankings are one of the most recognised ranking systems globally, and the UK and US tend to dominate the top spots. These type of highly ranked institutions will benefit from a broad demand base by maintaining their high quality.
But what do students want on a more micro level? Student.com, which is a global marketplace for student housing, has discovered a number of trends on what students want from their accommodation:
Private space with communal options
As long as their budgets allow, students will tend to opt for a private space, whether that’s a private room in a shared flat or a self-contained studio apartment, as opposed to a shared twin room. In properties that offer mainly studio rooms, students still value communal spaces.
Everything under one roof
There’s significant demand for on-site social spaces, gyms and entertainment areas.
Students are increasingly factoring in total costs for accommodation, not just the rent. Extra costs for amenities are recognised as a saving elsewhere (eg. gym membership).
A comfortable study space away from the bedroom is a must. These facilities are now among the most used.
Location reigns supreme
The majority of students would still prefer to live somewhere closer to campus, as opposed to a property with impressive facilities that is not conveniently located.