A total of 32,000 new beds entered the U.K. student accommodation market for the 2019/2020 academic year, taking the total number up to 660,000, with transactions reaching £2.5 billion ($3.3 billion) by the end of October, according to new data from Cushman & Wakefield.
According to the research, an overwhelming proportion of these new beds were delivered by the private sector (87 percent) — the joint-highest proportion of new privately-owned beds on record.
Some 95 percent of all beds this year featured a small double bed or larger, with nearly 19,000 having access to large common spaces (such as a gym, study room, or common room) emphasizing the student focus on overall university experience, which increasingly includes the quality of their accommodation.
The report reveals that a new private sector ensuite bed costs on average £6,883 ($9,068
