Insider Business Increase of 97% in student housing

Increase of 97% in student housing

Student housing in Cyprus is on the rise, according to the latest KPMG Cyprus report. Specifically, the recorded increase in just one year, between 2017 and 2018, is 97% and it is indicative of the high growth rate in the island’s Higher Education sector over the recent years.

The same report points out that this figure is expected to grow by a further 16% in 2019. The number of students both at university institutions in Cyprus and at colleges in 2018 increased by 8.4%.

In addition, there were 960 student homes in 2017 with the number rising to 1,894 in 2018 and expected to reach 2,197 in 2019. Nicosia is top-ranking in terms of new student halls and in student numbers.

The highest demand for homes in Nicosia is by students of the University of Cyprus as well as of private universities such as the University of Nicosia and the European University of Cyprus.

Many student halls include 24-hour security, high-speed internet services and cafeterias. Some also have gyms, first-aid stores, study areas and private car parks. A handful also have swimming pools.

The University of Cyprus provides student homes for Cypriots, Greek nationals and foreign students located on the new campus in ​​Athalassa area.

State-of-the-art halls very close to the University of Nicosia and the European University of Cyprus serve the needs of the students of these institutions.

The total number of students at university institutions in Cyprus at the end of 2018 had reached 48,172, an increase of 8.4% compared to 2017. An increase is also recorded in distance-learning students who were 13,315 by the end of 2018.


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