Student property investors across the UK are receiving a boost this week, with news that strong exam results across the country are helping to swell the number of students being accepted onto degree courses nationwide.
As of midnight on A-level results day, some 409,410 people had been accepted on to higher education courses in the UK. This was an improvement on the same point in 2014, with 13,000 more acceptances marking a three per cent increase in the space of just 12 months.
Ucas said that this is officially the highest number of acceptances registered as of results day in any year in history, providing a real boost to the number of students in place across the UK and giving student landlords a reason to feel positive about the year ahead with a growth in demand for accommodation in the next few weeks now likely.
The report from Ucas states that 362,000 students have been accepted on to their first choice of course this year, which is three per cent higher than a year ago. The lift on the cap in student numbers has helped with this, and more universities are looking to swell their numbers, with clearing likely to increase acceptances even more in the next few weeks.
According to figures, the number of 18-year olds finding places has seen the highest increase in terms of age brackets, climbing by five per cent year on year, while foreign student numbers are also up by 11 per cent (EU) and six per cent (rest of the world) on 2014. Some 24,090 EU students have been placed already, with 29,170 also being accepted.
Universities minister Jo Johnson, said: “These results indicate record numbers of students will be heading to university in the autumn, including a record level from disadvantaged backgrounds and more taking up science, engineering and maths based courses.
“This is great news and shows that by lifting the cap on student numbers, we are helping more people than ever benefit from higher education and gain the skills that businesses seek to boost productivity and support growth.”
This new data will all represent real positives for those investing in the student property market. As one of the most popular asset classes, recent reports have shown that the first six months of 2015 saw more investment in student property than in the whole of 2014. With student numbers on the rise, the benefits of this investment could be seen very soon.