PBSA remains one of the most established parts of the UK Living sector. However, after a period of strong rental growth and heightened investor appetite, the sector is being assessed through a sharper lens. Based on our survey of global institutional investors, this report explores why sentiment towards PBSA has cooled, why capital has not retreated, and what factors are shaping the next phase of the market.
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Key survey results
50%
60%
72%
What does softer sentiment tell us about investor appetite for PBSA?
Where is demand strongest, and how are affordability and university quality shaping performance?
How are costs, planning and regulation changing the way investors assess new PBSA schemes?
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Download Future Living 4, Volume 3: PBSA – conviction through the reset for the full insight and analysis.
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Research methodology
Research was conducted by FTI Consulting online from 7 to 14 October 2025, with n=50 global institutional investors invested in UK real estate representing approximately £302 billion in global assets under management. The convention on rounding was followed, so sums may not always add up to 100%. For more information on the research methodology, please contact andrew.davis@fticonsulting.com.
Contact us
Jonathan Long
Head of Corporate Real Estate
Jonathan is currently Head of Corporate Real Estate lending responsible for over £1bn of loan assets, and specialises in providing debt finance for PBSA, residential and industrial projects.