Amber beat Student Accommodation Market News - March 2023, Week 05

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Missed keeping track of all the latest happenings in the student accommodation market?

Amber Beat is a weekly snapshot of the key developments in top student accommodation markets.  This newsletter provides you with all the information you need to know, from new upcoming projects to current trends, news affecting students to government policies, we’ve got you covered!

‍Amber Beat | News from March 24 - 31, 2023

United Kingdom

• International students show maximum demand for UK student housing in 2022(Q4) (HEPI)
• University of Manchester students protest high rents. Evicted by law enforcement officers (BBC)
• Ban on fixed-term tenancy affects PRS landlords adversely; PBSAs exempted (Property 118)
• Student Roost’s proposal to turn an Exeter police station into student housing faces second rejection (BBC)
• 2 PBSAs of Amro receive WiredScore Platinum Rating (PBSA News)
• Ty Nant (PBSA) will welcome students from Sept 2023 in Swansea. 370 beds available (PBSA News)
• Nido platform acquires Smart Studios (5000 beds) in London (PBSA News)

New Constructions

• QIP & Soilbuild plan 2 PBSAs (650-bed) in York & Newcastle (Mingtiandi)
• Wolfson College plans new student housing in Oxford (Oxford Mail)
• Office in Exeter will be turned into 107 beds in 21 apartments (BBC)
• Sellar changes plan to build hotel into a 444-room London PBSA (Construction Enquirer)
• Kexgill Group will develop a new PBSA in Nottingham. Reaches record CAGR of 14.5% (PBSA News)
• “Livin Cardiff” new PBSA launched near University of Cardiff (PBSA news)

United States of America

• Toll Brothers & Pondmoon Capital will construct student housing in Dallas (285-unit) and Washington (501-unit) (MultiHousingNews)
• Graduate students in University of Utah affected by demolitions and rent hike (DailyUtahChronicle)
• Lake Tahoe Community College will build affordable student housing (100-bed) in California (TahoeDailyTribune)
• UC San Diego will open 5700 beds to students across 2 wellness-support PBSAs this summer (MultiHousingNews)

Australia

• Rent rises are here to stay; Reserve Bank of AUS blames the pandemic (Read Full Report)
• Higher cost-of-living drives students to skip meals (ABC)
• Bond University will build two student towers on Gold Coast campus (The Urban Developer)

Europe

• Norway government invests €57.2 million in 1650 dorms across 17 building projects (Erudera)
• High concentration of students around Nordic Universities attracts investors (Savills)
• Norway mandates international students to pay tuition fees (Schengen Visa Info)
• Rotterdam (NL) will build at least 400 affordable PBSAs/ year (Erasmus)
• Aparto will manage 520 room of the Sacresa Tower, Barcelona (Expansion)

Canada

• Students forced to sleep in cars due to housing crisis (Saltwire)
• Halifax faces student-protests due to scarcity of housing (Huddle.today)