Early indications from Ucas show the number of international students applying for places at British universities has increased by 2%.
- The number of international students applying to UK universities has increased by 2%
- Next year, British universities will be unrestricted in the amount of students they can enrol
- Student property investment is the UK’s best performing asset class
The number of international students coming to the UK to study shows little sign of slowing down.
According to the latest figures from university applications group Ucas, the number of non-UK European Union students applying early for a place at a British university has increased by 4% on last year’s figures to stand at 9,320.
Furthermore, the total of international student applicants increased by 2% to 17,770. Although these figures only represent a fraction of the total applications Ucas receives, it does show how the UK is an attractive higher education option to people from all over the world.
The latest applications data comes ahead of a planned abolition of student number controls, which the UK Treasury has already estimated could lead to an extra 60,000 undergraduates entering higher education in the next academic year.
With such a constant supply of new students, it is apparent the demand for student property is set to remain high for many years to come. Property consultancy Knight Frank has already stated that student property investment is outperforming all over asset classes in the UK and over the past three years, around £6 billion has been invested to provide suitable housing for the country’s students.
As the increase in the number of international students is particularly pronounced, accommodation that caters for this growing market offers investors the potential for both longevity and higher yields as rising demand can drive rental rates above the market average.