European PBSA Market Dynamics
Discover PBSA market dynamics across Europe
Explore the interactive map below updated on a quarterly basis. Search for or click on a city to learn about student demand with the total number of students and share of international students, student housing supply with total PBSA provision rates, and quality of education with the number of highly ranked universities. This map covers 30 cities across 13 countries but JLL has much more insight to share. If you would like to know more, please get in touch with us through the contacts below.
Key research findings
Investment in European PBSA reached €1.5bn in the third quarter, reflecting a 24% rise on the same period last year, although 11% below the five-year average. The year-to-date total of €5.3bn is 58% over the same period last year, though similarly yet to return to the longer term trend (-11%).
The largest transactions were in the UK through forward funding deals, despite the 29% rise in construction costs since 2020. On average in Europe construction costs have risen by 26% during this period, although the pace of annual growth has been slowing, having fallen to just 1.8% in July.
UK investment is now in line with historic trends and activity is rebounding in the Nordics. Globally the living sectors are attracting the most attention, evident in early yield stabilisation and recent surges in bid frequency and a slimming bid-ask spread. This has given sellers confidence with various large European PBSA portfolios in the market expected to further boost volumes this year.
Find out more about European PBSA market performance
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