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Summary of our market study
The French student residences market is estimated at €1 billion.
The global market for student residences is valued at over $11 billion, with an annual growth rate of 5%.
The French market for student residences is flourishing, with around 342,000 student housing units available in 2023, including 175,000 managed by CROUS.
France is the world's sixth-largest host country for foreign students, with over 400,000.
A government support plan aims to add 35,000 CROUS-managed units by 2027
Student residence market trends and dynamics
Between 2 and 3 million students are enrolled in higher education.
The market shows a marked regional imbalance, with metropolises such as Paris and Lyon experiencing strong demand pressure.
There is a shortage of student accommodation, estimated at around a quarter of a million units.
The market structure involves a variety of players, from property developers to residence managers.
The private commercial sector, with housing giants such as Résides Études and Nexity, plays an important role.
High occupancy rates are maintained at around 90%.
The main players in the French student residence market
These range from public bodies to private-sector companies.
- CROUS (Centre Régional des Œuvres Universitaires et Scolaires) : Public entity Responsible for managing public university residences under the authority of the French Ministry of Higher Education
- Réside Études: A pioneer in the private sector, Réside Études offers a wide range of student accommodation
- Nexity has made a name for itself with its Studéa brand, dedicated specifically to student living spaces.
- Sergic: known for its Twenty Campus brand
- Groupe Cardinal : This company has extended its reach into the field of student housing with its Cardinal Campus brand.
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Summary and extracts
1 Market overview
1.1 Market definition and presentation
Student residences, developed on a massive scale in the 2000s, are large housing complexes specially designed to meet the needs of students and, in some cases, young professionals. These residences are often located close to educational establishments and offer a range of services to facilitate daily life, such as housekeeping, laundry, Internet access and sometimes administrative assistance. They are fully furnished and equipped for the immediate comfort of their residents.
There are two main types of residence: private student residences and public university residences. The latter, managed by the Crous or social landlords under the aegis of the Ministry of Higher Education, are not necessarily considered a market in the strict sense of the term. Nevertheless, they are included in the scope of this study, as they represent 50% of the student housing stock in France, and are essential to understanding the supply/demand dynamic, which is a key driver of the student residence market. Applicants for this type of accommodation are selected on social criteria such as parental income and scholarship status. Despite the high demand, places are very limited and require a Dossier Social Étudiant (DES).
In France, in 2023, there will be around 34,2000 student accommodation units, of which 175,000 will be managed by the Crous. Hostels, which are often run by associations and sometimes have a religious connotation, and which are mainly intended for young working people such as interns or apprentices, are not included in this study, as they are in a very small minority and provide little information.
The market is characterized by very strong, ever-increasing demand, and certain metropolises are particularly under pressure, with increasing international mobility among students. The recent real estate crisis has also had an impact on this market, which is suffering from a flight of investors and rising development costs for real estate projects.
1.2 Ever-increasing global demand
In ****, the global student residences market was valued at US$** billion. With a compound annual growth rate of *.**% forecast from **** to ****, it is projected to reach $**.*** billion by ****. This market is characterized by continuous demand and a steady flow of tenants, even during the summer months, reflecting the stable use of ...
1.3 A booming national market
at the start of the **** academic year, there will be **,**** student residences in France, including ***,*** managed by the Crous. The remainder would be spread across *,*** residences. These residences are either managed by private commercial players (***) between **** and ****, an expansion mainly attributable to key players such as Cardinal Campus, Fac-Habitat and The ...
2 Demand analysis
2.1 Students in France
For the ****-**** academic year, France counted *.** million students enrolled in higher education courses, all courses combined, a number that doubled between **** and ****. This growth was particularly strong in ****, due to French demographics, and in ****, following the previous year's exceptional success rate at the baccalauréat. However, since the start of ...
2.2 Increasing student mobility
According to Unesco, in ****, France will be the *ᵉ most popular country in the world for mobile students, behind the Anglo-Saxon countries that offer training in English. The European Union is the top destination for the *.* million internationally mobile students, and in ****, France welcomed over ***,*** foreign students to its educational institutions, *% more ...
2.3 Student housing preferences
In terms of accommodation, students unsurprisingly prefer to live in a large apartment such as a T*. Some, however, prefer to live in a shared room or apartment. obviously, this survey does not represent the reality of student housing solutions. Half of all students say they prefer furnished accommodation.
What type ...
2.4 Housing difficulties in France
Students report different housing-related problems, depending on the type of accommodation they live in. Students living in CROUS rooms, for example, are more likely to have major housing problems than those living with their parents or in the property of family or friends. The problems encountered vary: students in rented accommodation, ...
3 Market structure
3.1 Value chain
3.2 The different types of player
A student residence project is developed under the management of a property developer, who first purchases the land and then oversees the development of the project through to the start of operations. During the construction phase, design offices or construction companies are commissioned by the developer to get the building off ...
3.3 Market features and recent regulations
The real estate sector has been very much in flux in recent years, and although the student residence market remains fairly stable, the dynamics are changing and investors are becoming increasingly scarce.
The Climate and Resilience Act, enacted in France on August **, ****, represents an ambitious effort to achieve carbon neutrality by ...
4 Offer analysis
4.1 Precise description of the offer
Student residences often group together several types of accommodation in the same building, and offer a range of services, either included in the rent or extra.
The types of apartments offered are often :
Rooms, with shared kitchen and sometimes shared bathroom Studio apartments, with private kitchen and bathroom, between * m² and ...
4.2 Some examples of rents
4.3 The latest innovations in the sector
A number of trends are emerging around the development of student residences.
Office-to-residential renovation
To meet government targets for the creation of student accommodation, the renovation of offices into residences is a widely adopted solution in France, as it is a simple and cost-effective way of rapidly obtaining more housing. This ...
5 Regulations
5.1 The 2004 LMNP law
France's LMNP (***) and furnishings, which can result in a clear reduction in taxable income.
This status also allows, under certain conditions, exemption from capital gains tax on the resale of the property if annual revenues do not exceed certain thresholds (***). As far as social security contributions are concerned, LMNPs are exempt ...
5.2 Climate and Resilience Act
The Climate and Resilience Act, enacted on August **, ****, is a major legislative effort by France to combat climate disruption and strengthen resilience to its effects. It manifests itself through various measures applied to diverse sectors such as transport, advertising, energy, and housing in particular. The main objective is to achieve carbon ...
6 Positioning the players
6.1 Player segmentation
M-habitat ; Studyrama ; Pappers
- Les Crous
- Nexity
- Résidence Etude Les Estudiantines
- Immojeune
- Studélites
- Arpej
- Campusea (Gecina)
- Fac-Habitat
- Espacil
- Suitétudes
- Capétudes
- Kley groupe
- Cap'Études
- CIUP Cité internationale universitaire de Paris
- Fac Habitat
- NEMEA Appart'Etud (Nemea groupe)
- Cardinal Groupe
- Youfirst
- Odalys Vacanses
List of charts presented in this market study
- Student numbers in France
- Breakdown of French students by type of establishment
- Cities with the highest student housing demand
- Average studio rents in France's most expensive cities
- Average monthly rent by housing type
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Latest news
Real estate: Nexity announces 500 job cuts - 26/04/2024
- - 502 jobs affected by Nexity's redundancy plan.
- - Nexity's promotion-construction division will reduce its workforce by 28% compared with 2022, when it employed 2,800 people.
- - Nexity employed some 8,200 people at the beginning of the year.
- - 3,100 employees are expected to leave Nexity around April, with the sale of the property administration business to Bridgepoint.
- - Bouygues Immobilier has announced the loss of 225 jobs out of a total of 1,054.
- - Housing sales to fall by a third in 2023 compared with 2022, and by more than half in the last quarter of 2023.
Real estate: Nexity's property managers become independent - 04/04/2024
- - Sale of Nexity's services division to Bridgepoint: 440 million euros.
- - Business areas included in the transaction: condominium management (60% of customers), rental management, transaction and insurance brokerage.
- - Size of business sold: nearly 3,200 employees, over 200 branches, nearly one million customers.
- - New company name after sale: Evoriel.
- - Brands retained: Lamy, Oralia, Richardière, Lamy Assurances.
Real estate crisis: Nexity launches redundancy plan and freezes dividends - 29/02/2024
- - Nexity, the French real estate market leader, has announced a redundancy plan.
- - Nexity sales in 2023: 4.27 billion euros, down 9%
- - Nexity has seen a 25% reduction in new-build reservations compared with the average for the last five years.
- - Nexity currently has around 8,200 employees. Of these, around 3,100 are due to leave the Group in April, following the planned sale of the property administration business to Bridgepoint.
- - Nexity's international sales are down.
- Subsidiaries in Portugal and Poland have already been sold, and the company plans to leave Belgium, sell its platform in Italy and complete its projects in Germany.
Real estate: Nexity accelerates debt reduction by selling off its property management business - 22/12/2023
- Value of Nexity assets sold to Bridgepoint: 440 million euros.
- Nexity sales in 2022: 4.7 billion euros.
- Number of lots managed by Nexity's property managers: over 800,000.
Real estate: Nexity ready to sell its services division - 03/10/2023
- Nexity's services division accounts for around 20% of the Group's sales, or 938 million euros in 2022, up 10% on 2021.
- Nexity manages 20 million square meters on behalf of major institutional players.
- Nexity manages 840,000 lots as a condominium syndic or building manager.
- Nexity generates around 25,000 rentals a year and between 5,000 and 6,000 transactions in existing properties.
- New housing sales have fallen by almost 40%.
- Nexity and Carrefour signed an agreement in early June to develop mixed-use projects combining housing, retail and office space on Carrefour's vast real estate portfolio
Nemea welcomes a new shareholder to boost growth - 09/02/2023
- Groupe Nemea welcomes a new shareholder.
- Recomposition of capital: 67% for founding chairman Pascal Recorbet.
- Historic" partners: Grand Sud-Ouest Capital, BNP Paribas Développement, Crédit Agricole Aquitaine Expansion, Arkéa Capital.
- New investor: Ouest Croissance from the Banque Populaire group.
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