More reasons to stay out of student accommodation

Here is yet more evidence that investors should steer clear of student accommodation, despite how attractive it may seem on the surface.

I wrote last week that student accommodation looks like a great investment - but one in which you absolutely must not invest. That view has been borne out nicely in the few days since.

Knight Frank has released a report into the market that tells us all sorts of wonderful things about the money to be made. There is, says the report, "demonstrable undersupply", something that is most pronounced in Edinburgh, London, Newcastle and Bristol, driven in part by high and rising demand for purpose built student accommodation (PBSA) from overseas students.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.