How student property is helping to regenerate our towns and cities

How student property is helping to regenerate our towns and cities

The benefits of student property are fairly well known within investment circles. Their high yields, occupancy levels and the increasing student numbers have all made student property a pretty safe investment bet but it would also appear that they are having a positive effect on the regeneration of our town and cities as well.

We have already seen positive impacts in cities such as Birmingham, Manchester, Leeds, Bristol and Liverpool, which have been seen the development of many new flats and apartments alongside PBSA (purpose-built student accommodation), as well as the emergence of many new bars and restaurants.

In cities such as Coventry, which has had some criticism about its post second world war architecture, local authorities are now seeing the development of student homes as an opportunity to give the city a bit of a face lift. Coventry University is expecting an increase of around 4000 students over the next five years and these students will need accommodation to live in. The regeneration of derelict land in the city centre to build PBSA will boost the area significantly and have a knock-on effect to bars, restaurants and entertainment venues in the vicinity.

It is evident that student property developments are becoming a catalyst for other positive developments in our towns and cities and surely this can only be a good thing.