Posted on July 1, 2020
#studentaccommodation #PBSA #studyabroad 

Europe has been a booming education sector because of the culture and values that are prevalent here that understand the importance of learning. Most of these courses are really well curated and are offered for about a quarter of the price for which you can avail them in the United States. There has been a continuous surge in the people who have migrated there mainly to fulfill their educational needs and they have realized the market space.

Hence, we have now witnessed the birth of the PBSA or the Purpose Built Student accommodation.

PBSA and its Importance in a Nutshell:

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• Student Centric Spaces

The demands of students are quite different from those of a regular working-class tenant due to various circumstances. In view of such demands, the PBSA is a really great option available to students who are looking for a hassle-free and amazing college experience as well as getting out there and experiencing life as it is. It also seems that students have taken really kindly to this as the market has expanded in recent years and there are almost 6,27,000 bed spaces in The UK itself that are PBSA’s.

• Increasing student population

Currently, these spaces outweigh the number of students who occupy them by 3 to 1 but according to the trend, there will be a tremendous number of students who will shift into such facilities that are built especially for them. It is predicted that the number of students will grow by at least 2,20,000 which is a great reminder that student accommodation will be of great demand in the future. Constantly adapting to the new conditions and landscapes is the need of the hour especially in these volatile times and this need for student accommodation is certainly here to stay.

Why are these Spaces Preferred by Students?

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• Rent Factor

The rent for these spaces is usually below 160 euros per week which should immediately make your jaw drop to the floor. Well if that isn’t enough then let us go further. These student buildings may be short on communal spaces but they more than make up for them in the high-end leisure activities that they offer.

• Prime Location

Most of these facilities are also created keeping to mind the daily needs of the students which is why they are planned in a prime location where there is easy access to transport as well as your local stores and restaurants whenever you need a quick bite because after all you are a student and most of the times pending work can be so stressful. Now I know what you must be thinking. This sounds too good to be true and there is no way that these people are making any profit on it so why should I trust their services.

• Future Planning

I certainly wouldn’t blame you for thinking in such a manner. It is true that they may not be making any immediate profit but as with any emerging market, they see an opportunity in the long run. This is why they plan on expanding it to more and more student accommodation spaces and many of these private developers are also in talks with the universities as to how they can make the stay of the student more comfortable and appealing.

Why is there an Increase in Demand for PBSA?

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• Catering to What the Student Wants

These PSBA’s or Purpose Built Student Accommodation will have a general combination of studio apartments, cluster flats, en-suite and non-en-suite rooms. This is an especially booming space in the UK as they have the second-largest student population with over 500,000 students. These PBSA’s are also touted to have great social rooms and have special social events throughout the year to help all the students in the accommodation to get along better so that everybody has a pleasant stay and a greater experience.

• Emerging Markets

Right now the USA, Australia, Canada, and the UK are the most prominent market for these specially made student accommodations for a multitude of reasons ranging from the rising student population to the immigration to the booming industries that need more and more skilled labor to run it smoothly. The cost of living has also increased in recent years which is why this is a really great option for the students as it is relatively pocket friendly.

Conclusion

We have discussed at length as to what are the advantages of living in a PBSA. It would certainly be ideal for every student who wants to have a great college experience without having to worry too much about finances, transport, or even daily and weekly tasks such as groceries.

College is much more than what you learn in the four walls of the classroom. It is your experiences that count more than your degree because they will ultimately help shape your future. College is that place where you also learn a lot about life and how the world functions outside your little home. These PBSA’s are a great pick especially if you are looking at an all-round experience because these are the days and moments that you shall cherish forever.

Choosing a student accommodation can be a grueling task especially if you have shifted to a new town but do not worry, we have got your back. Amberstudent lets you choose from more than 1000 properties and gives you much-needed assistance throughout the process

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