South Africa is currently facing a critical shortage of student accommodation, as highlighted in the recent article by IOL Property. According to this report, not only is there a significant need for housing but there's also an urgency to address the issue now. The question isn't if student accommodation is a worthy investment; it's how quickly you can hop on-board. With an estimated 250,000 students in need of accommodation throughout South Africa, the demand for student housing is at an all-time high. This presents a unique opportunity for property investors to capitalise on the market and invest in student accommodation.
In today's real estate market, savvy investors understand the importance of diversification and the value of exploring promising opportunities. Student accommodation is one such sector experiencing tremendous growth and demand – and your portfolio shouldn't miss out. With a growing number of students in desperate need of homes, investing in safe, comfortable, and modern living spaces becomes an undeniable necessity.
Furthermore, Another trend in the South African Purpose Built Student Accommodation (PBSA) market is the growth of off-campus accommodation. Many students are now looking for accommodation options that are located near their universities or colleges, but which offer more affordable and flexible living arrangements. This trend is being driven by the growing number of private sector investors who are investing in off-campus accommodation developments.
Many students in South Africa are looking for accommodation that fosters a sense of community and social interaction. This has led to a rise in community-focused housing options that provide shared spaces and communal areas for students to socialise and connect.
And lastly, another trend in the South African PBSA market is the use of technology-driven amenities. Many students are now looking for accommodation options that offer high-speed internet, smart home features, and other technology-driven amenities such as virtual study rooms, online learning platforms, and mobile apps. This trend is being driven by the increasing use of technology in education and the need for students to stay connected and productive.
Volley Student Living is an ambitious student living brand with a mission to transform the student housing market and the first development under the brand is Volley Brooklyn. Their focus is on providing students with affordable, high-quality accommodation that supports their academic and personal development.
Volley Brooklyn's innovative approach to student accommodation includes offering state-of-the-art facilities and a range of amenities designed to promote student well-being. This development is located in convenient locations, close to University of Pretoria and public transportation hubs, making it easy for students to get to and from their classes.
Volley's development is so popular, 88% of Volley Brooklyn was sold in just 16 minutes on the day sales went live. Lucky for you, though, EasyProperties has secured eight exclusive units in Volley Brooklyn – an excellent opportunity to invest in this thriving market.
It's important to note that these eight units are being offered at a 7.6% discount compared to the current market price. Moreover, EasyProperties has arranged a rental guarantee for two years that provides investors with a 9.36% annual net rental yield (5% escalation for year two). With an estimated internal rate of return of 11.4% per annum over the investment term, you're looking at an impressive investment opportunity.
If you're ready to diversify your portfolio and ride the wave of booming student accommodation investments, don't hesitate – explore what Volley Brooklyn on the EasyProperties platform has to offer today.
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To make investing through EasyProperties even more valuable and exciting, we continue to add more excellent properties onto the platform. We are super excited to show you these amazing properties, and we know you will fall in love with them just as much as we do because of the potential income they will provide.