Property investors with interest in the student accommodation sector will be delighted to hear that university applications have hit a record high.
Applications for the 15th January deadline have provided us with the first reliable indication of demand for higher education (HE) in the UK this year, indicating that more young people are considering university as their next step after leaving college, which is excellent news for those considering student accommodation investment.
Statistics from UCAS show that “There is a 4% increase in the number of applicants (580,000) to HE courses compared to the same point last year. This is in spite of the continuing fall in the population of 18 year old population, which this year is around 1%."
These figures confirm a definite shift towards higher education with “an unprecedented 35% of 18 year olds from England have submitted a UCAS application this year.”
The statistics also show interesting trends with approximately 87,000 more women applying than men and also reports increases in applications to all types of institutions, irrespective of tuition fees.
Mary Curnock Cook, Chief Executive of UCAS said, “This analysis shows a remarkably persistent growth in demand for higher education from all demographic backgrounds and for institutions across the spectrum in the UK."
“Amid encouraging patterns of demand from mature and disadvantaged students, there remains a stubborn gap between male and female applicants which, on current trends, could eclipse the gap between rich and poor within a decade."
Principal International have a range of exciting property investment opportunities in the lucrative student accommodation sector, including Appleton Point, offering investors contractually assured rental income. For further details of Appleton Point, please click here.