Purpose Built Student Accommodation is a huge shoe to fill by any country that decided to invest on it because it is easier said than done. There are several considerations in investing to this type of accommodations because of lands or areas that will be used for this and the number of students who will be using it together with the duration. UK decided to continue with this and established a property investment sector to find the right accommodations which will match with the needs the students.
The property investment sector focused their attention on the students such as their needs, their funds and their time or schedule. UK has been opening student visas from all over the world not only to promote education but also for PBSA investment which will serve as addition to their existing students. This option is also beneficial for whoever student who will be studying in UK because they are also offering part time works to students to support their allowances and other needs. UK is also offering the accommodation to a reasonable price for students or they may apply student loans because the sector is fully aware of how strenuous it is to study and devised a financial plan for this simultaneously.
UK’s sector is also looking into businessmen who would like to invest on this kind of accommodation because it will help them to earn from the output of the profit in rentals. It is not easy to pursue people who will invest on this because no one can really predict how many students decide to study and will stay more to get post graduate studies. So far, UK has been fortunate with entrepreneurs who are willing to invest on PBSA.
Another struggle of UK’s sector is the location of the home which should be near schools or universities and near the amenities needed by students. It is not easy to find an appropriate location because this is one of the factors that will affect the pricing or rate of each unit. Because of the difficulty of looking for suitable location, sectors see this as an opportunity to pair up with schools or universities who are willing to invest locations within the campus which will be easier for both parties.
PBSA is a good strategy of UK may it be business or for economical purpose of the country in general. It is considered to be a huge opportunity for students, immigrants and local people to take advantage of the offer because this might bring a good fortune to people in the future.