Analýza trhu studentského bydlení v České republice. Ekonomický a strategický význam studentských kolejí pro vysoké školy a soukromé investory

This master thesis explores student accommodation as a distinct segment within the real estate market. It investigates its increasing significance as an alternative investment sector and its strategic importance for universities. The primary objective is to critically evaluate the investment appeal of Purpose-Built Student Accommodation (PBSA) and to assess the current condition and future potential of this sector within the Czech Republic. The thesis proceeds from the understanding that institutional investors, driven by the need to diversify and shield their portfolios from economic volatility in traditional real estate, are increasingly turning into alternative property types, including student housing. In analyzing the investment attractiveness of this sector, the thesis identifies its core strength: a persistent gap between supply and demand. This demand is fueled by growing student mobility and the expansion of higher education, while the supply often remains insufficient or outdated. Evidence from mature markets suggests the potential for strong risk-adjusted returns, portfolio diversification, and stable cash flow, underpinned by high occupancy rates in key university cities. From the university standpoint, the thesis considers the strategic role of student residences. While high-quality housing can enhance social integration, support student well-being, and potentially improve academic outcomes, its direct impact as a competitive advantage seems limited. Academic reputation and educational quality continue to be the main drivers of a university's competitiveness. The final chapter provides an in-depth analysis of the student housing market in the Czech Republic, evaluating its prospects for future development and investment. Based on a proprietary database encompassing all public and private student residences nationwide, the author concludes that the Czech market presents a compelling, albeit not risk-free, investment opportunity. It represents an opportunistic strategy best suited for investors with a thorough understanding of local market dynamics or a high tolerance for risk.