Estate Living Magazine Precinct Living - Issue 33 | Page 34

student
TAP THE THIRSTY MARKET FOR
ACCOMMODATION
The demand for student accommodation is high, and rising rapidly. While public
universities and colleges try their best to close the huge gap between the demand for
accommodation on their campuses and the available space in their residences, South
Africa is also attracting higher numbers of foreign students.
Recent research by Jones Lang LaSalle, a real estate advisory
firm specialising in leasing, tenant representation and
property investment, has found that the number of young adults
aged 18 to 25 will increase to almost 100 million by 2020, and
that the demand for new purpose-built student accommodation
is set to top 500,000 beds in the next five years. offers this advice: ‘Look for clean, safe accommodation within
easy reach of campus at an affordable price. In our experience,
the most consistent demand is for newly built and pre-owned
one- and two-bedroom sectional title apartments with high-tech
security, parking and good access to shops and other amenities,
as well as the campus.’
So, if you’re looking to invest in an affordable property geared to
students, Bill Rawson, chairman of the Rawson Property Group, There is an ever-growing selection of properties in almost every
town that has a university or college.
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