Student accommodation continues to generate steady, profitable income streams for keen property investors and developers alike.
What’s driving demand?
- The majority of university residences simply don’t have enough beds to meet the needs of their student population, putting thousands of students on the waiting list every year.
- The introduction of the National Student Financial Aid Scheme (NSFAS), which funds degrees and in the majority of cases, includes a built-in rental subsidy to help students find housing close to their chosen campus.
- Many young people have the natural desire to live independently from their families during their university years, and those with the means to do so are taking full advantage of what’s on offer.
Separating the best from the rest
To meet the demand, savvy property developers have introduced a wide range of student accommodation offerings at a variety of price points.
And while there are a lot of student developments across South Africa to choose from, the key factors that separate the best from the rest are always safety, accessibility, affordability, and amenities.
Students need to feel secure enough to focus on their studies without worrying about their well-being and safety. A balance of these factors creates an ideal living space that supports students’ academic success, well-being, and overall university experience.
Green Meadows is your opportunity to get in the game
Investors who want to capitalise on the booming student accommodation market can now do so with the sale of the entire Green Meadows development. Galetti’s Corporate Services Division is handling this transaction via a sealed bid process, with final letters due by 22 June 2023.
Located in Potchefstroom and close to North-West University, the recently constructed, NSFAS-accredited development features 829 A-grade units with a 100% occupancy rate. It offers students an on-site gym, media centre, soccer field, swimming pool, and laundromat.
Green Meadows’ affordable price point has been rewarded with a 100% occupancy rate year after year, offering the right investor exceptional returns. It ticks all the boxes – superb location, great amenities, proximity to a large market, and an established management team on-site.
Register your interest:
Kyle Hyam | +27 82 889 1375 / kyle.hyam@galetti.co.za
