The report also looks at the occupancy of existing student developments and said they are “now below anticipated levels”.
It adds: “Savills have a dedicated student accommodation team, and their research suggests that of these new schemes around 65% – 70% are fully occupied and at least one has sought to change planning to enable short term lets.”
The report echoes findings in the annual Belfast “crane survey” which was published earlier this year.
The survey, produced by Deloitte, analyses the progress of major construction schemes in the city.
It found that no new student schemes started construction in 2025 while the preceding decade had seen a constant stream of new developments.
It added that around 1,200 bed spaces were still under construction and are due to be delivered this year.
