Opportunities for Developers and Investors
According to a report by Nelson Mandela University ( NMU ), the shortage of on-campus housing has forced many students to seek off-campus accommodation , which often lacks proper regulation and security , comes at a high cost , and , often , is substandard . Many private landlords took advantage of the high demand , charging exorbitant rents for poorly maintained properties . This has led to significant dissatisfaction among students , who have raised concerns about their safety and the affordability of such accommodations .
The rapid increase in student numbers has exacerbated these issues . Recognising these challenges , local governments and educational institutions have implemented policies aimed at improving the student housing situation . In Gqeberha , the municipality has adopted a comprehensive student accommodation policy that outlines standards for safety , affordability and quality of housing with the aim of regulating off-campus accommodation to ensure that students have access to decent living conditions .
The Western Cape Government has conducted extensive studies on the housing market in George to identify gaps and opportunities . These studies have informed policy decisions , investment strategies and zoning regulations aimed at boosting the supply of quality student housing . Local government has integrated student housing considerations into its broader urban development plans . These policies focus on creating safe , affordable , and well-maintained housing options that meet the specific needs of students and encourage the development of purpose-built student accommodation ( PBSA ) to address the growing demand .
The changes in policies and the persistent demand for student housing present lucrative opportunities for investors in Gqeberha and George .
Purpose-Built Student Accommodation ( PBSA )
With new policies supporting such developments , investors can benefit from constructing dedicated student housing complexes that meet regulatory standards and cater specifically to students ’ needs . These properties can offer amenities such as study areas , recreational facilities , and secure environments , making them attractive to students and their families .
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