Studying in Europe is not as fancy as it sounds
Ireland have seen a surge in international students, attracted by high-quality education and more affordable tuition compared to top study destinations like Australia, Canada, the UK, and the US. However, despite these advantages, students in Europe encounter a familiar challenge: a shortage of purpose-built student housing (PBSA) and soaring rental costs.
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Last year, there was a shortage of 3 million beds for students across Europe and the situation is expected to worsen in the next five years, when there will be a need for an additional 200,000 more beds, according to a 2024 analysis by global real estate firm JLL. This is in part because Europe’s student population is expected to grow by 10% by 2030/31, reaching 23.5 million, with half being international students, according to an ICEF Monitor report.
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Europe’s top student cities face the biggest housing shortages, with 40 cities making up 40% of the 3-million-bed deficit. Only 40% of PBSA beds are privately funded, while the rest are publicly owned or subsidised, often limiting accessibility. JLL estimates this gap represents a €450 billion investment opportunity.
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Ireland
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