COMMERCIAL
Public-Private Partnerships ( PPP ’ s )
There is also potential for public-private partnerships ( PPPs ) in the student housing sector . Local governments and even educational institutions are increasingly open to collaborating with private investors to address the housing shortage . Such collaborations may even come with incentives that ensure long-term profitability .
Renovation and Upgrading of Existing Properties
Of course , the opportunity exists in renovating and upgrading existing properties to meet the new standards set by local policies . Many off-campus accommodations require significant improvements to comply with safety and quality regulations . By investing in the refurbishment of these properties , there is potential to enhance their value and appeal to the student market .
Expansion into Emerging Markets
While Gqeberha and George are the primary focus of this article , there are emerging markets within the broader region that also present opportunities . Smaller towns and cities with growing educational institutions are experiencing similar housing shortages . Investors can tap into these markets early , establishing a presence and benefiting from the rising demand for student accommodations .
Sustainable and Green Housing Solutions
With an increasing emphasis on sustainability , as educational institutions fill with GenZ , there is a growing market for eco-friendly student housing . Investors can differentiate their offerings by incorporating green building practices and energy-efficient designs . Such initiatives not only align with global sustainability trends but also appeal to environmentally conscious students and institutions .
Technology Integration
Integrating technology into student housing can significantly enhance the living experience and attract tech-savvy students . Smart housing solutions , such as automated lighting , security systems , and high-speed internet , can set properties apart from traditional accommodations . Investors who embrace technological advancements can create innovative living spaces that cater to the modern student ’ s lifestyle .
The student housing market in Gqeberha and George is ripe with opportunities for investors . Savvy investors willing to venture beyond the more crowded property landscapes of traditional educational strongholds are likely to be well rewarded .
Mark Connett is the Broker owner of Just Property Port Elizabeth Commercial
96 REI MAGAZINE AUGUST