Offringa, Ruben (2023) Student Housing Policy, Investor Behavior, and Subtle Shifts in the Composition of Student Housing Supply. Master thesis.
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MT final - July 16, 2023 - Ruben Offringa S3198332 .pdf Download (1MB) | Preview |
Abstract
This paper discusses the effects of rental licensing and student zoning policies on the shift of the student housing market from shared housing towards a larger proportion of purpose-built student accommodation (PBSA). A qualitative case study design is used, rooted in desk research on the rationale and intended effects of student housing policy. Importantly, in-depth interviews with established investors in student housing are conducted to better understand the influence of student housing policy on the investment decisions of private real estate investors. Resultant insights indicate that zoning policies enable PBSA investment and that rental licensing strongly limits, and in some cases even eliminates, investment opportunities in shared student housing. Both factors are found to influence the choice of what type of student housing is invested in. This more in depth finding supports the, in previous research stated, expectation that student housing policy, in addition to the financialization of the student housing market, contributes to the shift in the student housing market from shared housing to PBSA. Newly documented in this study is the finding that student housing conversion policy may unintendingly lead to the creation of a new market.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Daams, M.N. |
| Date Deposited: | 26 Jul 2023 14:42 |
| Last Modified: | 26 Jul 2023 14:42 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4306 |
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