The concrete industry has developed a number of solutions for student accommodation which continues to be a rare growth sector for the beleaguered construction industry. According to estate agents, Knight Frank, student accommodation performed 'exceptionally well' over 2012, outperforming every other commercial property class and delivering consistent returns. Construction of new accommodation has been underpinned by universities' wish to attract first year and overseas students. Knight Frank believes that there is still an acute undersupply of quality student accommodation. This is echoed by a recent report by CBRE, the property services group that found that the amount of student accommodation under construction is insufficient to meet predicted demand. CBRE report that over ?800 million was invested in student accommodation during the first half of 2012; this is over double the 375 million pounds that was invested in the first half of 2011.
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