Although Purpose built student accommodation in Leicester is nothing new, it is now impossible for any student letting agent in Leicester, or indeed any investor who owns or develops student accommodation in Leicester, to ignore it’s rise in popularity. The last 5 years have brought significant changes in tuition fees, increasing graduate employment competition, more restrictions around lending as well as the more recent and surprising unfavourable changes to SDLT. For student landlords, these changes have made it even more difficult to make the maths stack up in the private sector. That, combined with the attention institutional investment has shown the student accommodation market in Leicester, and the City Council’s continuing approval of large accommodation schemes in the city centre, has given way to a massive pipeline of PBSA that is no longer supplied by the University of Leicester or De Montfot University. I've heard 10,000 beds may be in the making. Student landlords and student letting agents can not ignore this any longer.
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