New figures published by UCAS have highlighted a sharp upturn in the volume of applications to UK universities from prospective students based in EU countries and around the world.
This latest development marks a significant turnaround from 2017, when application numbers from the EU fell by seven per cent. It was a result that many attributed to the impact of the ongoing Brexit process, and a downturn in EU student numbers was highlighted as a potential future issue that the UK’s educational establishments must be prepared to accept.
However, all has changed in 2018, with UCAS’ latest data showing the number of applications from EU students has not simply recovered this year, but is in fact higher than ever before. This significant increase in student applications from the EU bodes extremely well for investors in the UK student accommodation market.
According to UCAS, approximately 43,500 EU students applied for places at UK universities this year – a three per cent upturn on figures recorded in 2017. Meanwhile, the total number of international applications topped the 100,000 mark for the first time.
Responding to the upturn in international student application numbers, Alistair Jarvis, chief executive of Universities UK, stated: “The increase in international applications shows that the UK remains one of the most attractive destinations in the world for talented, international students.”
Investors in the UK student property market will therefore be buoyed by this latest development, with an array of student developments now taking place across the country.
Experience Invest continues to support investors in this burgeoning space, with projects available across the UK. Some of our standout developments at present include Opto Student Newcastle and Aura Student Liverpool.
Both provide assured returns of eight per cent per annum for five years and are located in ideal city centre locations to attract significant student interest and lasting demand.