London Real Estate Sizzles Off Campus
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Joyce Ge, a student from China who is studying at King’s College, pays 880 pounds a month for her small apartment. CreditAndrew Testa for The New York Times
LONDON — Joyce Ge, a student from China who is studying business management at King’s College, pays 880 pounds a month, or $1,310, to live in a pint-size, stylish studio apartment in the far reaches of east London, in a building with roof decks gazing toward the distant city skyline. Her rent covers water and electricity, as well as Wi-Fi and cleaning of common spaces every two weeks.
Many investors are betting that there will be a lot more Joyce Ges arriving in the coming years.
Their bet is a simple one: As students from the world’s growing middle and upper classes flock to London for higher education, the stark supply-demand imbalance in student housing will grow…
London Real Estate Sizzles Off Campus
