Student housing registered almost full occupancy in Lisbon and Porto in the 2022 academic year, increasing the price of accommodation in both cities by 14%. Currently, the average price per bed in the capital is around 730 euros, while in Invicta it is around 630 euros.
The conclusions come from a study of the student housing market in Portugal, conducted by Cushman & Wakefield – a real estate services consultant – which, in addition to the increase in prices, shows that there are more beds available, but the supply remains. . stay below needs.
The numbers tell a story of lack of investment to create new homes, especially when looking at the past decade, which saw almost the same number of homes built as in 2002, the year when about 120,000 homes were built.
Still, the private sector provided more than 1900 new beds in the regions of Lisbon and Porto, a year-on-year variation of about 25% and one of the largest increases recorded in recent years. However, as this was insufficient growth and demand remained greater than supply, no price drop occurred.
Student housing supply, both in Lisbon and Porto, stands at 6.7%, still far from the European average of 13%. In the capital, the situation has worsened over the past 12 months as the supply of alternative housing has also declined, with several families renting apartments previously shared by students.
Despite the problematic scenario, the study concludes that there is room for significant growth in the student housing market precisely because the provision rate is still lower compared to other European cities.
However, the delay in the introduction of new housing projects will have an unavoidable impact as student growth continues and Lisbon and Porto become some of the most desirable cities in Europe to study, suggesting that pressure on per bed prices will be evident. remain for the foreseeable future.
Dinheiro Vivo journalist
Source: DN
