A recent official study recommends there should continue to be no cap on overseas student numbers, arguing they bring money, skills and “soft power” to Britain.
This was the conclusion of a September 2018 report by the Migration Advisory Committee, which is tasked with giving independent advice to the government on immigration.
The report says over 750,000 students come to the UK each year and reasons “If there is a problem with students in the target, it is with the target itself rather than the inclusion of students in the target”.
The UK Institute of Directors’ Senior Economist Tej Parikh said the report makes “abundantly clear the benefits international students bring to our country”, but that “there remains a strong case for re-examining the inclusion of students in the Government’s net migration target”.
He also said that Britain is at risk of becoming less competitive than Canada and Australia if it fails to create more opportunities for international students to live and work here after their studies.
The report overall nonetheless received mixed reviews from student and university bodies, saying the recommendations did not go far enough.
However the argument falls, the fact is that the rest of the EU sits firmly in the minority of regions from which International students arrive in the UK to study, with China and the Far East forming the the lion’s share of demand. The chart below makes for interesting reading.
Furthermore the Brexit-fuelled impact on the value of the £ makes the UK an even more attractive place financially to study for further education.
All this, together with the ever-growing demand from students for high quality accommodation would appear to make the Purpose-built Student Accommodation market a solid one for not just the long term, but a real opportunity now for the seasoned property investor.