PREMIUM
Purpose built student accommodation and housing in Glasgow’s Partick area..Picture shows West View student Accommodation, Partick..Photo Credit: Kirsty Anderson.27/04/21..........
THE construction of new purpose-built student accommodation has “paused for breath” in Glasgow, but the market continues to hold long-term appeal for investors, new research has found.
The hiatus follows a “huge expansion” in the city’s student accommodation stock between 2015 and 2018, which across around 20 developments saw bed numbers increase by more than 6,700 – a figure representing around one-third of the current total.
However, research by property agent Cushman & Wakefield suggests development activity in Glasgow has been subdued in the last two years, and had slowed before the pandemic took hold.