UK developer Vita Student which specialises in hotel standard accommodation for students has partnered with Savills in Asia to help market its 158-unit Crosshall development in Liverpool.
“The attractive yields and low entry prices have led to student accommodation being widely reported as the UK’s best asset class. However due to the recent increase in tuition fees for domestic students the accommodation market is changing. We expect to see an escalation in the number of international students opting to study in the UK. This will lead to a surge in demand for high quality self contained units in central locations,” said Julian Sedgwick, Head of Business Development at Savills.
Vita Student offers buyers the chance to own student property at affordable prices. It opened an office in Singapore last year catering to the strong demand from Asia Pacific buyers.
“International investors are aware of the growing number of students they are sending to the UK and simply recognise the opportunity – this is especially prevalent in South East Asia,” said Justin Humphreys, Head of Business Development Asia Pacific at Vita Student.
Meanwhile, the Savills-Vita Student partnership kicks off with an investment seminar at the Four Seasons Hotel in Singapore this weekend (23 – 24 February).
Image: Artist’s impression of a games area at a Vita Student project
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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