Real Estate Investor Magazine August 2024 edition | Page 94
Various studies have shown that there are more students than there are beds for them in South Africa . As a result , student housing has become an important growth industry . Developers have focused on markets like Cape Town and Stellenbosch , and while demand in traditional centres is certainly high , competition has become intense .
However , there are two towns that offer potential with significant demand for quality student accommodation : Gqeberha ( previously Port Elizabeth ) and George . Both are experiencing rapid student population growth , creating a pressing need for adequate student housing solutions .
COMMERCIAL
Investing in Student Accommodation :
Opportunities abound in Gqeberha and George ’ s growing market
By Mark Connett
Various studies have shown that there are more students than there are beds for them in South Africa . As a result , student housing has become an important growth industry . Developers have focused on markets like Cape Town and Stellenbosch , and while demand in traditional centres is certainly high , competition has become intense .
However , there are two towns that offer potential with significant demand for quality student accommodation : Gqeberha ( previously Port Elizabeth ) and George . Both are experiencing rapid student population growth , creating a pressing need for adequate student housing solutions .