Each January, around 450 000 students migrate to the 4 major cities of South Africa to attend tertiary education institutions. Although some will be able to stay at home, most need a place to live and the demand for accommodation is intense. With a guaranteed supply of tenants each year and an undersupply of quality rental stock, investing in lettable student-orientated property can bring steady, high returns at low risk.
To get the highest rental demand, the property must be located close to the campus – preferably within walking distance or on a public transport route. Good security is critical and parents will pay a premium for a safe building.
Campus Key, Cape Town. Claytile supplied 1.3 million maxi bricks to the Main Road campus, and just under a million maxi bricks to the Dane Street Campus.
