Commercial real estate has been riding high on a wave of resurgence and both Spain and Portugal’s markets have, in equal measures, seen a return to their former glory; none more so than in the student accommodation sector, reported Savills.
Investment volumes in Spain and Portugal have reached €400 million and €500 million ($443 million and $554 million), respectively, as both countries carve their names on the global higher education stage. This is a result of international investors identifying the lack of quality product as an opportunity, and increasing their allocation of funds in these market segments.
The investment thesis behind these markets has also been supported by student growth. In Spain, the number of students enrolled in campus-based universities has increased by 8.29 percent from the 2008–2009 academic year to the 2018-2019 term — 8.76 percent of which are international students. In Portugal, the percentage of international students is even
