Author: CampusKey

Student housing is always on the move, evolving to meet the ever-changing needs of students. Today’s students aren’t just looking for a place to crash; they want a home that ticks all the boxes for comfort, convenience, and community. This trend drives the demand for top-quality housing, creating a golden opportunity for the PBSA (Purpose Built Student Accommodation) sector. PBSA is quickly becoming a hot asset class, focusing on student well-being and modern living.

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Community Vibes and Low Turnover: A Win-Win!

The community-friendly nature of PBSA leads to happy tenants who stay longer. This makes PBSA an attractive investment for developers and investors, promising high returns. There are about 13,676 PBSA facilities worldwide, mostly in the UK, US, Asia, and Australia, offering a whopping 2,255,678 beds to meet the high accommodation demand. CampusKey has started growing this industry within South Africa for the past decade.

This guide explores the world of PBSAs, covering everything from their definition to why they’re a great investment. Let’s get started!

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What Exactly is PBSA?

Purpose Built Student Accommodation is designed specifically for university students, created by private developers to be near universities and loaded with amenities for a modern, convenient stay.

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Different Types of PBSA Rooms

PBSA offers a variety of room types to fit different needs and budgets:

– Ensuite Apartments: Private bedrooms and bathrooms with a shared kitchen.

– Non-Ensuite Apartments: Private bedrooms with shared bathrooms and kitchens.

– Studio Apartments: Self-contained units with a bedroom, kitchenette, and bathroom.

– Private or Shared Apartments: Private bedrooms with shared communal areas.

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Why PBSA Over Traditional Student Accommodation?

Modern conveniences, eco-friendly choices, and a preference for personal spaces make PBSA a top pick over traditional student accommodate

-Location: PBSA is strategically placed near universities for maximum convenience.

– Amenities: From study rooms to fitness centres, PBSA offers dedicated student facilities.

– Lease Terms: Flexible terms that align with academic calendars.

– Cost Structure: All-inclusive rents covering utilities and high-speed Wi-Fi.

– Privacy and Safety: Options for private bedrooms and high-security measures.

– Eco-Friendly: Many PBSAs incorporate energy-efficient features and waste management initiatives.

– Community Focus: PBSA fosters a strong sense of community through events and activities.

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PBSA Market Growth Drivers

Several factors drive the growth of the PBSA market. The rise in the international student population has fueled demand for supportive and inclusive accommodations, making PBSA investments highly lucrative with average returns of 7-10% annually. Global trends highlight the growing need for quality student housing, driven by young adults seeking modern amenities and safety features. This demand, coupled with a rising student population and unique amenities, boosts rental prices. Additionally, partnerships with universities further enhance the availability of these premium accommodations.

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Current Market Trends in PBSA

PBSA continues to shine with positive student reviews, thanks to critical trends shaping its future. Effective brand messaging and marketing and positive word-of-mouth distinguish these properties in a competitive market. Despite higher costs, students prefer PBSA for the convenience of included utilities and amenities. Additionally, PBSA properties foster student well-being by offering community-building social events and on-site support for mental health.

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Investment Opportunities in PBSA

PBSA is a resilient asset class with numerous advantages:

– Consistent Demand: Growing student numbers drive the need for housing.

– High ROI: Strong rental yields and income growth make PBSA attractive.

– High Occupancy Rates: Well-maintained properties with inclusive amenities ensure high occupancy.

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Challenges and Solutions in PBSA

While the PBSA sector is booming, it comes with challenges. Dynamic pricing strategies help manage market fluctuations, while flexible booking policies and effective communication can minimize last-minute cancellations. Regular surveys and adaptable property designs ensure properties remain relevant to student preferences. Diversifying the portfolio reduces reliance on specific markets, and understanding zoning regulations and collaborating with local communities ensure smoother development operations. Strategic planning and partnerships with universities are key to balancing supply and demand in the PBSA sector.

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Looking Ahead: The Future of PBSA

PBSA remains a promising investment avenue, showing strong growth potential. The sector is poised for continued expansion with technology and AI-enhancing operations. As the higher education sector grows, PBSA will keep providing high rental returns, making it a smart investment choice.

Ready to explore the world of PBSA? Dive in and discover why this dynamic sector is the future of student accommodation!

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References:https://amberstudent.com/news/post/pbsa-real-estate-101-everything-about-purpose-built-student-accommodation

At CampusKey, we love keeping our community together, which is why we’ve made our Rebooking process super easy! If you’re a current CampusKey student and want to stick around for another epic year, here’s everything you need to know about how Rebooking works and why you should jump on board.

How Rebooking Works

VIP Period for Current Students: Imagine having a golden ticket that lets you pick your favorite room before anyone else—well, that’s exactly what our VIP period is for! During this exclusive time, current CampusKey students get early access to rebook for another year. This means you can secure your spot before we open the doors to the public.

Room Selection: As soon as the VIP period kicks off, you will receive a VIP Rebooking code that gives you early access to our applications on the website. Whether you’re keen on keeping your current cozy nook or upgrading to a new view, you get first pick at a room!

Public Booking: After the VIP period wraps up, it’s game on for everyone else. Rooms become available to the public, making it a race to grab the best spots. Avoid the chaos by rebooking early and locking down your perfect pad.

Why You Should Rebook

Get the Room You Want: Why leave your room fate to chance? By rebooking during the VIP period, you can snag the room you love, whether it’s because of the view, the vibe, or just because it feels like home sweet home.

Stay Close to Your Crew: CampusKey is all about community, and rebooking lets you stay close to the friends and neighbors you’ve gotten to know and love. Keep your social circle tight and enjoy another year of good times together.

Keep Enjoying the Perks: Rebooking means you continue to have access to all the incredible CampusKey perks. Think fully-equipped gyms, super convenient laundry spaces, dedicated study areas, buzzing clubhouses, and epic weekly events. Why give all that up when you can enjoy it for another year?

No Moving Hassles: Moving can be a major headache. By rebooking, you eliminate the stress of finding a new place, packing up, and relocating. Instead, you can relax and focus on your studies and fun times with friends.

Exclusive Rebooking Perks: We love to reward our loyal students! Sometimes we throw in special incentives for those who rebook, like discounts, exclusive events, or extra perks. It’s our way of saying thanks for sticking with us. So keep an eye on our socials to see what’s in store for this years rebookers!

In a nutshell, CampusKey Rebooking is all about making sure you have the best living experience possible. Don’t miss out on the chance to make CampusKey your home for another unforgettable year.

Step into the vibrant world of CK Mini, where coffee culture meets community. Originally launched in Cape Town and Stellenbosch, CK Mini is thrilled to announce its upcoming expansion to two new dynamic locations: Potchefstroom and Bloemfontein. These additions are set to redefine the café experience, offering more than just great coffee and delicious bites—they’re hubs of creativity and connection.

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What is CK Mini?

CK Mini isn’t your average café. It’s a haven where every cup of coffee is brewed to perfection, and every dish is crafted with care. As the tasty and snacky sister brand of CampusKey, a leader in purpose-built student accommodations, CK Mini embodies convenience, quality, and comfort. It’s the ideal spot for a mini-study break, a quick catch-up with friends, or a focused work session.

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Expanding Horizons: Potchefstroom and Bloemfontein

With the success of our locations in Cape Town and Stellenbosch, CK Mini is excited to bring its signature blend of good coffee and vibrant ambience to Potchefstroom and Bloemfontein. These cities are renowned for their bustling student communities and thriving cultural scenes, making them perfect destinations for CK Mini’s unique offerings.

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What We Offer

At CK Mini, we’re passionate about creating spaces that inspire. Whether you’re looking to fuel up with our selection of mouthwatering meals and snacks or seeking a cosy corner to dive into your studies or work, CK Mini has you covered. Our cafes are designed to foster creativity, collaboration, and comfort, making them essential hubs for students, professionals, and coffee enthusiasts alike.

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Join Us at CK Mini

Ready to experience the CK Mini vibe? Discover why our cafes are more than just places to grab a coffee—they’re community hubs where connections are made and ideas flourish. From Cape Town and Stellenbosch to our exciting new locations in Potchefstroom and Bloemfontein.

Follow our journey on Instagram at@CKMINI_CAFE

CampusKey Student Living is dedicated to understanding and addressing the evolving needs of students. Today, we’re reflecting on the latest report, ‘Improving the Transition to Higher Education,’ published by Unite Students in collaboration with Higher Education Student Support Champion Professor Edward Peck. This comprehensive study, based on expert roundtables, individual interviews, desk research, and sector case studies, offers crucial recommendations for schools, colleges, and universities.

Implications for Student Accommodation

The lasting impact of the COVID-19 pandemic on young people is undeniable. While some students have adapted well, many are still grappling with its effects. A recent study by the Institute of Education revealed that 42% of 12-15-year-olds experienced a decline in social and emotional development during the pandemic.

Additionally, with the rise in mental health issues and the ongoing cost of living crisis, educational institutions must work harder to meet students’ changing needs. This report provides valuable insights on better supporting students during their transition to higher education. Here are four key takeaways for student accommodation teams:

1. Focus on Engagement and Belonging

New students face the dual challenge of adapting to new learning methods while living independently and making new friends. The report suggests prioritizing the development of a sense of belonging and engagement within the university community. This could involve extending the settling-in period both in accommodation and on campus, gradually introducing new study skills.

2. Promote Coherent Social Integration

Given the pandemic’s impact on social development, ensuring that social integration opportunities are well-coordinated during the first few weeks of term is essential. Accommodation teams and private providers are crucial in helping students settle in and make friends. Closer collaboration with student unions, academic departments, and other university sectors can streamline communication and help students find appropriate events and opportunities. This approach is particularly beneficial for neurodivergent students.

3. Address the Cost of Living Crisis Creatively

The cost of living crisis has significantly affected students, often limiting their social opportunities and making independent living more challenging. Creative, targeted initiatives can make a real difference during the initial weeks. Sharing successful strategies can benefit the wider student community, and we encourage you to reach out if you have effective solutions to share.

4. Foster an Inclusive Environment

Ensuring every student feels welcome and at home is vital. Student life can be alienating, especially for those who feel different from their peers. The report highlights the importance of considering students’ cultural needs, drawing from initiatives like the University of Kent’s “Living Black at Kent.” Student accommodation must provide a safe, friendly base fundamental to student well-being and academic success.

Our Commitment at CampusKey

At CampusKey, we are committed to supporting students from day one. Our Mentor Programme and Community Connections/workshops offer peer support, and our teams are trained to create a supportive environment. We continuously seek ways to enhance the support we provide to new students. We aim to create a nurturing environment that fosters student success and well-being throughout their higher education journey.

Want to read more on the insights from the Unite Students report on Improving the Transition to Higher Education? Go to this link to download the full report:https://www.unitegroup.com/wp-content/uploads/2024/05/Transition-to-University-Report-May-2024-1-1.pdf

Living the Dream in Cape Town: A Student’s Guide to the Cost of Living

Welcome to Cape Town, where stunning landscapes meet vibrant city life, and world-class universities welcome students from all corners of the globe! While Cape Town is famous for its breathtaking beauty and buzzing cultural scene, the good news is that it’s also surprisingly affordable. Here’s your ultimate guide to living the good life without breaking the bank.

Currency and Payment

First things first, let’s talk money. South Africa’s currency is the Rand (ZAR), with notes in R10, R20, R50, R100, and R200 denominations. Don’t worry if you’re more of a card person—credit and debit cards are widely accepted, including international ones like MasterCard and Visa.

If you plan on sticking around for a while, consider opening a local bank account. It’s pretty straightforward with a letter from your school. Mobile banking apps like SnapScan and Zapper are all the rage here, making transactions a breeze.

Long-Term Accommodation

Finding the perfect place to call home is a breeze in Cape Town. Here’s a quick rundown of your options:

1. One-bedroom apartment: R9,000 – R12,000 ($625 – $850) per month
2. Room in a Shared House/Apartment: R6,000 – R9,000 ($400 – $625) per month

CampusKey student accommodation is the perfect spot for international students to call home for a semester abroad in South Africa. We are within walking distance of the University of Cape Town campus, offering a luxury all-inclusive experience with a gym, water, electricity, social, and study spaces. Making friends can also be a challenge in a new country, but when you join the CampusKey community, you’re set with friends for life.

Eating Out and Entertainment

Cape Town’s food scene is legendary. Even on a student budget, you can eat like a king (or queen):

1. Top Gourmet Restaurant: R250 – R350 ($18 – $25)
2. Good Mid-Range Restaurant: R150 – R250 ($10 – $18)
3. Café or Cheap Restaurant: R80 – R150 ($5 – $10)
4. Fast Food Meal: R40 – R70 ($3 – $5)
5. Glass of Wine or Beer in a Pub: R30 – R50 ($2 – $3.50)

Pro tip: Some of the best dining spots are in the wine estates just outside the city. A wine tasting (with six wines) costs around R50 and is often free if you buy a bottle.

Clothes, Food, and Groceries

Stocking up on essentials? Here’s what you can expect:

1. Weekly Grocery Shop: R600 – R1,200 ($40 – $80)
2. Microwave Meal or Oven Pizza: R40 – R70 ($3 – $5)
3. Good Bottle of Wine: R60 – R90 ($5 – $7)
4. Pair of Levi’s Jeans: R800 – R1,200 ($55 – $80)
5. Cheap Plain T-Shirt: R50 – R80 ($3.50 – $5.50)

Woolworths is pricier but worth it for the quality. For more budget-friendly shopping, head to Pick ‘n Pay or Checkers.

Transport, Phones, and Tech

Getting around is easy and affordable:

1. MyCiti Bus Trip (up to 5km): R6 – R12 ($0.40 – $0.90)
2. Uber from Gardens to Waterfront (5km): R60 – R80 ($3 – $5)
3. One GB of Mobile Data: R50 – R100 ($3.50 – $7)
4. MacBook Air: R15,000 – R20,000 ($1,000 – $1,400). You can also buy one at a special discount through CampusKey.

The MyCiti bus system is super convenient, and Uber is perfect for those late-night study sessions at the Waterfront.

Cape Town is not just a city; it’s an experience. With its affordable living costs, you can focus on your studies while enjoying everything this incredible city offers. Cape Town is a student’s paradise from the mountains to the sea, from gourmet food to vibrant nightlife. So, pack your bags and get ready to live the dream!

Welcome to the Mother City, where every day is an adventure waiting to happen!

We’re thrilled to announce that CampusKey Potch Campus is growing! We’re adding seven brand-new luxury rooms designed just for you. These new spaces will offer the perfect blend of comfort, style, and cutting-edge amenities, ensuring you have everything you need to make your university life the ultimate vibe.

Imagine sleek, contemporary designs, cozy study nooks, and the latest tech at your fingertips – all crafted to help you ace your academic journey. Our new rooms are more than just a place to stay; they’re your home away from home, providing a space where you can thrive both academically and socially.

We’re excited about this expansion as it reflects the growth and opportunities at CampusKey. We’re dedicated to improving our facilities to accommodate more students and enhance your living experience.

Construction is kicks off on 8 July, and we can’t wait to share the progress with you. Stay tuned for updates and sneak peeks on our social media channels as we bring these incredible new spaces to life!

Follow us on social media for the latest updates and exclusive sneak peeks:

Instagram:@CampusKey

Facebook:CampusKey Student Living

Thank you for being part of our vibrant community. Here’s to new beginnings and even better experiences at CampusKey Potch Campus!

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