GSA Coral has issued a positive analysis of the outlook for higher education and purpose-built student accommodation following a departure by the United Kingdom from the European Union. A detailed look at the situation is available here for download.
EU based students amount to only 5% of the total and it is anticipated that this gap will easily be filled by international students. Applications from non-EU students have increased since 2011 by 7% p.a. for the past 5 years, compared to just 2% p.a. for EU students.
Moreover, demand in global higher education enrolments has been growing strongly in primarily Asia (13% p.a. over the past 5 years), while European enrolment growth has been stable (2.5% p.a. over past five years). Notably, the UK has no cap on the total amount of international visas that can be approved.
There will likely be an increase in UK institution academic alliances with EU-based institutions while it is anticipated that educational funding in the UK would be revised to cover any shortfall experienced from the Brexit.