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“Quality housing supply must be increased due to the rise in international demand thanks to new educational projects”

Sergio Sánz

Residential & Alternatives. Capital Markets
sergio.sanz@savills.es

Student demand in the city has been at an all-time high in recent years, with a particular increase in the number of international students and a good level of demand from national students.

This increase, together with the forthcoming opening of two private universities in the city, has boosted the development of new student residence projects, all of which is helping to position Malaga in the circle of university cities in Spain.

Although the number of beds in operation and under development in recent years is increasing, prices are expected to rise.

Institutional investors are interested in this type of living assets in Malaga, one of the leading locations for the development of new projects. The growth of this sector is underpinned by the announcement of the opening of two new residence halls in the medium term, which together with the recent inauguration of three more will add 613 new beds.

The evolution of this market transcends the student halls of residence, as some of the new students will do internships and join the Malaga labour market. The increase in skilled labour can help the development of multinationals and tech companies in the city.

It is a rapidly evolving segment that will contribute to the progressive improvement of quality accommodation and services offered by Malaga in order to continue attracting talent from all over the world.

NEW UNIVERSITIES AND ANTICIPATED OPENING
STUDENTS ENROLLED IN THE UNIVERSITY OF MALAGA DE MÁLAGA
STUDENT RESIDENCE HALLS IN MALAGA (No. BEDS)

Highlights

  • Growth in the number and quality of beds offered in the city

  • Two new private universities will expand Malaga's education offer

  • Impact of increased demand on current pricing

  • Growing interest of investors in the city due to its appeal

  • Need to increase the variety of university degrees on offer in Malaga, adapting them to the needs of the labour market in the medium term

New needs are setting new trends, with solutions that improve well-being, sustainability and quality of spaces