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Nigel Evans – Head of London Residential Research
LOREMA UPDATE:
STUDENT ACCOMMODATION 2013
Nigel Evans - team leader
Headlines
LOREMA UPDATE:
STUDENT ACCOMMODATION 2013
Nigel Evans - team leader
Rates
These are the various rates at which
applications submitted
permissions granted
constructionstarted
each year
up to and in...
Essentially a measure of pipeline activity...
DOWNLOAD REPORT HERE
...this is how that pipeline
looked like pre 2007
pre-Lehman
not particularly impressive
not particularly active
0
2000
40...
But, in the dark days
that were to follow,
student
housing
saved the
day...
This is what saving the day looks like...
0
20...
0
2000
4000
6000
8000
10000
12000
14000
2004 2005 2006 2007 2008 2009 2010 2011 2012 End
2013*
Application Permission Star...
more
applications...
0
2000
4000
6000
8000
10000
12000
14000
2004 2005 2006 2007 2008 2009 2010 2011 2012 End
2013*
Applic...
0
2000
4000
6000
8000
10000
12000
14000
2004 2005 2006 2007 2008 2009 2010 2011 2012 End
2013*
Application Permission
More...
0
2000
4000
6000
8000
10000
12000
14000
2004 2005 2006 2007 2008 2009 2010 2011 2012 End
2013*
Application Starts
More
sta...
0
2000
4000
6000
8000
10000
12000
14000
2004 2005 2006 2007 2008 2009 2010 2011 2012 End
2013*
Application Permission Star...
0
2000
4000
6000
8000
10000
12000
14000
2004 2005 2006 2007 2008 2009 2010 2011 2012 End
2013*
Application Permission Star...
sameacross the
whole of the
capital...?
DOWNLOAD REPORT HERE
Nigel Evans - team leader
Inner & Outer
BoroughsDOWNLOAD REPORT HERE
far more activity in the inner
boroughs,
more applications
more permissions
more starts
with near flat-line
conditions in ...
requires closer inspection –
when data lines cross
as in the inner boroughs
(application and permission rates down
but a s...
or they spike
as in the outer boroughs
(going from 323 units in 2010 to 7,810 units
submitted in 2012)
0
1000
2000
3000
40...
something of
significance
is almost always behind it
(Let’s take a detailed look starting
with the inner boroughs)
0
1000
...
Nigel Evans - team leader
Inner Boroughs
DOWNLOAD REPORT HERE
The recent spurtin construction
starts, we estimate it could top
the 6,900 unit mark in the
inner boroughs by year end (es...
However, in such a scenario we
would expect the
application
pipeline to show a
corresponding
increase as well
0
1000
2000
...
But
in the case of student housing this is
simply not the case
DOWNLOAD REPORT HERE
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
Spot the inner borough
appli...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
Spot the inner borough
appli...
DOWNLOAD REPORT HERE
530 units
about the size of a medium sized student block
and that’s all that’s left...
DOWNLOAD REPORT HERE
This is a
pipeline
whose
foundations
are being
eroded
but
not replaced
DOWNLOAD REPORT HERE
If construction
rates continue at the
same level
as they have done post-Lehman then
the entire stock of
potential student housing
in the inner boroughs could be
exhausted
by the end of
2014
DOWNLOAD REPORT ...
ironically
very forces
driving the student housing
since 2007 now
risk slowing it down,
albeit inadvertently.
Let’s take a...
Nigel Evans - team leader
LOREMA Recap
DOWNLOAD REPORT HERE
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
0
2,000
4,000
...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
0
2,000
4,000
...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
0
2,000
4,000
...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
0
2,000
4,000
...
The reversal of fortune due to
•scarcity of mortgage availability
•abundance of foreign equity
During 2011 equity was chas...
The reversal of fortune due to
•scarcity of mortgage availability
•abundance of foreign equity
During 2011 equity was chas...
A case study
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
A Tale of Two
Developments
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
Middlesex Street
Commercial Street
DOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
Nido
Cityscape
1,204 student unitsDOWNLOAD REPORT HERE
100 Middlesex Street Denning Point
Nido
Cityscape
1,204 student units
128 private units
100 Middlesex Street
But could it be that the
very factors discouraging the
developmentof student accommodation in the
inner boroughs could
fue...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGH...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGH...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGH...
Both sectors have a
similar potential
what differentiates them is
how close that
potentialis to delivery
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGH...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGH...
But why so much
latent potential
in the
outerboroughs?
emergence of a
3 tier system
of provision
1. Offering International students
a more affordable choice
2.Providing off-site accommodation
for inner London universities
e.g....
Kodak
Land Sec
220 student housing units
spec build
WestminsterUniversity and UCL
have shown early interest in the units f...
3. Satellitecampuses
complete with teachingfacilities
and accommodation
Imperial College’s Imperial West
BBC site Wood Lane
“lock, stock and barrel”
600+ student units(already)
plans for a resea...
But there could be an extralevel
A 4thlevel fuelled by
the very factors inhibiting growth in the
innerboroughs
Let’s have...
Nigel Evans - team leader
Another
LOREMA Recap
£psf values across the capital
investor activity
expandingfrom the
super-prime core to the
prime fringe
£psf values across the capital
If demand increases
to such an extent that
investors venture
in numbers beyondthat
boundary...
£psf values across the capital
could lead to increased
demand for rented stock which
in turn could push
prices upwards
in ...
in the outer boroughs
bespoke student housingcould become
an increasingly attractive option
for the domestic student.
Why live in a shared house when you can have
free
wifi
gym facilities
concierge
laundry service
Security
for the same pric...
Recap:
Inner boroughs:
Supply being exhaustedbut not replaced due to a shift in
focus by developers to super-prime
Recap:
Outer boroughs:
Will cater for an increasingly diverse group of students both
international and domestic
Recap:
Outer boroughs:
emergence of
super satellite universities
complete with
accommodationand
teaching facilities
And finally:
It seems that the future of student housing is all
about the outer boroughs, but...
Let’s just take another look at the inner borough
pipeline graph again.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGHS
The ...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGHS
The ...
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Inner pipeline Outer pipeline
App PPG
INNER BOROUGHS OUTER BOROUGHS
but ...
7,000 unit strong
but as long as
the influx of cash
from overseas persists
student housing
will continue to take a
back seat to
super-prime ...
As long as the
influx
of
cash
from
overseas
persists
Nigel Evans - team leader
When that bubble bursts
Will it be student housing
that saves the day.
Again?
Nigel Evans - team leader
The Digital edition
The start of this presentation same each year
180,000 applications, 6,000 site visits, 20,000 schemes on
the database etc....
Policy 3.8 of the London Plan seeks to ensure that
strategic local requirements for student housing are
addressed, without...
A lucky dip
All these sites have at one point been
in the planning system,
each site was once thought to have
development ...
The LOREMA Student Housing Update
In-box Tomorrow
LOREMA Main Report
Nigel Evans – Head of London Residential Research
LOREMA UPDATE:
STUDENT ACCOMMODATION 2013
DOWNLOAD REPORT HERE
Nigel Evans – Head of London Residential Research
DOWNLOAD REPORT HERE
Student Accommodation in London 2013
Student Accommodation in London 2013
Student Accommodation in London 2013
Student Accommodation in London 2013
Student Accommodation in London 2013
Student Accommodation in London 2013
Student Accommodation in London 2013
Student Accommodation in London 2013
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Student Accommodation in London 2013

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Presentation to launch the London Residential Research report Student Accommodation 2013. The report itself is available to download and has a range of interactive graphs and tables.

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Student Accommodation in London 2013

  1. 1. Nigel Evans – Head of London Residential Research LOREMA UPDATE: STUDENT ACCOMMODATION 2013
  2. 2. Nigel Evans - team leader Headlines LOREMA UPDATE: STUDENT ACCOMMODATION 2013
  3. 3. Nigel Evans - team leader Rates
  4. 4. These are the various rates at which applications submitted permissions granted constructionstarted each year up to and including H1 2013 DOWNLOAD REPORT HERE
  5. 5. Essentially a measure of pipeline activity... DOWNLOAD REPORT HERE
  6. 6. ...this is how that pipeline looked like pre 2007 pre-Lehman not particularly impressive not particularly active 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts DOWNLOAD REPORT HERE
  7. 7. But, in the dark days that were to follow, student housing saved the day... This is what saving the day looks like... 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts DOWNLOAD REPORT HERE
  8. 8. 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts An almost instant response DOWNLOAD REPORT HERE
  9. 9. more applications... 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* ApplicationApplication DOWNLOAD REPORT HERE
  10. 10. 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission More permissions granted DOWNLOAD REPORT HERE
  11. 11. 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Starts More starts DOWNLOAD REPORT HERE
  12. 12. 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts and from 2009 to 2012 an almost exact correlation between permission rates and construction starts DOWNLOAD REPORT HERE
  13. 13. 0 2000 4000 6000 8000 10000 12000 14000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts With permissions being almost immediately converted to construction starts. A dynamic state of affairs but... DOWNLOAD REPORT HERE
  14. 14. sameacross the whole of the capital...? DOWNLOAD REPORT HERE
  15. 15. Nigel Evans - team leader Inner & Outer BoroughsDOWNLOAD REPORT HERE
  16. 16. far more activity in the inner boroughs, more applications more permissions more starts with near flat-line conditions in the outer boroughs. 0 1000 2000 3000 4000 5000 6000 7000 8000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts INNER BOROUGHS OUTER BOROUGHS DOWNLOAD REPORT HERE
  17. 17. requires closer inspection – when data lines cross as in the inner boroughs (application and permission rates down but a surge in construction starts) 0 1000 2000 3000 4000 5000 6000 7000 8000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts INNER BOROUGHS OUTER BOROUGHS DOWNLOAD REPORT HERE
  18. 18. or they spike as in the outer boroughs (going from 323 units in 2010 to 7,810 units submitted in 2012) 0 1000 2000 3000 4000 5000 6000 7000 8000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts INNER BOROUGHS OUTER BOROUGHS DOWNLOAD REPORT HERE
  19. 19. something of significance is almost always behind it (Let’s take a detailed look starting with the inner boroughs) 0 1000 2000 3000 4000 5000 6000 7000 8000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Application Permission Starts INNER BOROUGHS OUTER BOROUGHS DOWNLOAD REPORT HERE
  20. 20. Nigel Evans - team leader Inner Boroughs DOWNLOAD REPORT HERE
  21. 21. The recent spurtin construction starts, we estimate it could top the 6,900 unit mark in the inner boroughs by year end (estimated by doubling H1 2013 figures), points not only to confidence in the sector but also of demand. 0 1000 2000 3000 4000 5000 6000 7000 8000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Starts DOWNLOAD REPORT HERE
  22. 22. However, in such a scenario we would expect the application pipeline to show a corresponding increase as well 0 1000 2000 3000 4000 5000 6000 7000 8000 2004 2005 2006 2007 2008 2009 2010 2011 2012 End 2013* Starts DOWNLOAD REPORT HERE
  23. 23. But in the case of student housing this is simply not the case DOWNLOAD REPORT HERE
  24. 24. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG Spot the inner borough application pipeline INNER BOROUGHS OUTER BOROUGHS DOWNLOAD REPORT HERE
  25. 25. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG Spot the inner borough application pipeline INNER BOROUGHS OUTER BOROUGHS Application pipeline DOWNLOAD REPORT HERE
  26. 26. DOWNLOAD REPORT HERE
  27. 27. 530 units about the size of a medium sized student block and that’s all that’s left... DOWNLOAD REPORT HERE
  28. 28. This is a pipeline whose foundations are being eroded but not replaced DOWNLOAD REPORT HERE
  29. 29. If construction rates continue at the same level as they have done post-Lehman then
  30. 30. the entire stock of potential student housing in the inner boroughs could be exhausted by the end of 2014 DOWNLOAD REPORT HERE
  31. 31. ironically very forces driving the student housing since 2007 now risk slowing it down, albeit inadvertently. Let’s take a closer look at those forces... DOWNLOAD REPORT HERE
  32. 32. Nigel Evans - team leader LOREMA Recap DOWNLOAD REPORT HERE
  33. 33. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 OuterLondon construction starts 2004-2011 private units Inner London construction starts 2004-2011 private units End 2011: starts: Inner borough up 7%. starts: Outerup 53% *Private residential DOWNLOAD REPORT HERE
  34. 34. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 Outer London construction starts 2004-2012 private units Inner London construction starts 2004-2012 private units End 2012 Starts: Inner up 42% Outer down 21% *Private residential DOWNLOAD REPORT HERE
  35. 35. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 OuterLondon construction starts 2004-2011 private units Inner London construction starts 2004-2011 private units End 2011: Starts: Inner borough up 7%. Starts: Outerup 53% *Private residential DOWNLOAD REPORT HERE
  36. 36. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 Outer London construction starts 2004-2012 private units Inner London construction starts 2004-2012 private units End 2012 Starts: Inner up 42% Outer down 21% *Private residential DOWNLOAD REPORT HERE
  37. 37. The reversal of fortune due to •scarcity of mortgage availability •abundance of foreign equity During 2011 equity was chasing super-prime existing stock. It seems now that that stock is slowly being exhausted and to cater for the continuing demand developers are building again and they are building prime. We could just have carried on here and said... *Private residential DOWNLOAD REPORT HERE
  38. 38. The reversal of fortune due to •scarcity of mortgage availability •abundance of foreign equity During 2011 equity was chasing super-prime existing stock. It seems now that that stock is slowly being exhausted and to cater for the continuing demand developers are building again and they are building prime. Housing...) *Private residential DOWNLOAD REPORT HERE
  39. 39. A case study DOWNLOAD REPORT HERE
  40. 40. 100 Middlesex Street Denning Point A Tale of Two Developments DOWNLOAD REPORT HERE
  41. 41. 100 Middlesex Street Denning Point DOWNLOAD REPORT HERE
  42. 42. 100 Middlesex Street Denning Point DOWNLOAD REPORT HERE
  43. 43. 100 Middlesex Street Denning Point DOWNLOAD REPORT HERE
  44. 44. 100 Middlesex Street Denning Point DOWNLOAD REPORT HERE
  45. 45. 100 Middlesex Street Denning Point Middlesex Street Commercial Street DOWNLOAD REPORT HERE
  46. 46. 100 Middlesex Street Denning Point Nido Cityscape 1,204 student unitsDOWNLOAD REPORT HERE
  47. 47. 100 Middlesex Street Denning Point Nido Cityscape 1,204 student units 128 private units
  48. 48. 100 Middlesex Street
  49. 49. But could it be that the very factors discouraging the developmentof student accommodation in the inner boroughs could fuel it in the outerboroughs? Let’s take a look at those factors
  50. 50. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS Inner and Outer borough pipeline
  51. 51. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS 9,100 units in the inner planning pipeline – applications & permission combined
  52. 52. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS 10,224 units in the outer planning pipeline – applications & permission combined
  53. 53. Both sectors have a similar potential what differentiates them is how close that potentialis to delivery
  54. 54. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS The pipeline seems to suggest two things. Firstly, that supply in the inner boroughs is becoming exhausted
  55. 55. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS Secondly that developers are gearing up to tap in to a secondary market in the outer boroughs
  56. 56. But why so much latent potential in the outerboroughs?
  57. 57. emergence of a 3 tier system of provision
  58. 58. 1. Offering International students a more affordable choice
  59. 59. 2.Providing off-site accommodation for inner London universities e.g....
  60. 60. Kodak Land Sec 220 student housing units spec build WestminsterUniversity and UCL have shown early interest in the units for their students.
  61. 61. 3. Satellitecampuses complete with teachingfacilities and accommodation
  62. 62. Imperial College’s Imperial West BBC site Wood Lane “lock, stock and barrel” 600+ student units(already) plans for a research & commercial facilities to come a complete purpose built self-contained entity SYNERGY
  63. 63. But there could be an extralevel
  64. 64. A 4thlevel fuelled by the very factors inhibiting growth in the innerboroughs
  65. 65. Let’s have...
  66. 66. Nigel Evans - team leader Another LOREMA Recap
  67. 67. £psf values across the capital investor activity expandingfrom the super-prime core to the prime fringe
  68. 68. £psf values across the capital If demand increases to such an extent that investors venture in numbers beyondthat boundaryinto traditional owner-occupier territory ...
  69. 69. £psf values across the capital could lead to increased demand for rented stock which in turn could push prices upwards in the private rented sector.
  70. 70. in the outer boroughs bespoke student housingcould become an increasingly attractive option for the domestic student.
  71. 71. Why live in a shared house when you can have free wifi gym facilities concierge laundry service Security for the same price?
  72. 72. Recap: Inner boroughs: Supply being exhaustedbut not replaced due to a shift in focus by developers to super-prime
  73. 73. Recap: Outer boroughs: Will cater for an increasingly diverse group of students both international and domestic
  74. 74. Recap: Outer boroughs: emergence of super satellite universities complete with accommodationand teaching facilities
  75. 75. And finally: It seems that the future of student housing is all about the outer boroughs, but...
  76. 76. Let’s just take another look at the inner borough pipeline graph again.
  77. 77. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS The numberof applications may be diminished
  78. 78. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS The numberof applications may be diminished
  79. 79. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Inner pipeline Outer pipeline App PPG INNER BOROUGHS OUTER BOROUGHS but the permission pipeline remains strong
  80. 80. 7,000 unit strong
  81. 81. but as long as the influx of cash from overseas persists student housing will continue to take a back seat to super-prime residential
  82. 82. As long as the influx of cash from overseas persists
  83. 83. Nigel Evans - team leader When that bubble bursts Will it be student housing that saves the day. Again?
  84. 84. Nigel Evans - team leader The Digital edition
  85. 85. The start of this presentation same each year 180,000 applications, 6,000 site visits, 20,000 schemes on the database etc... Of those 20,000 schemes some 3,000are either lapsed, withdrawn or refused, But, if this digital edition is about anything it’s about visualisation Let’s not say how vastthe database is let’s visualise it This is what 3,000 schemes looks like
  86. 86. Policy 3.8 of the London Plan seeks to ensure that strategic local requirements for student housing are addressed, without compromising capacity to meet the need for conventional dwellings, especially affordable family homes.
  87. 87. A lucky dip All these sites have at one point been in the planning system, each site was once thought to have development potential, each one could have again
  88. 88. The LOREMA Student Housing Update In-box Tomorrow LOREMA Main Report
  89. 89. Nigel Evans – Head of London Residential Research LOREMA UPDATE: STUDENT ACCOMMODATION 2013 DOWNLOAD REPORT HERE
  90. 90. Nigel Evans – Head of London Residential Research DOWNLOAD REPORT HERE

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