Disabled individuals face multiple issues in the UK. Take a look around your university campus. How many buildings offer ramps for individuals who are disabled? Previously, things were very bleak for disabled students in the UK. However, things have improved considerably, especially after the passing of the Disability Discrimination Act back in 2005. This was further compounded by the passing of the Equality Act in 2010. However, even though efforts are underway, there are numerous studies which show that it will take a long while before disabled individuals are on par with able-bodied individuals.
For instance, according to one study, only 20% of the buildings in the UK actually offer appropriate toilet facilities for disabled individuals. Disabled individuals generally need hoists in order to assist them in using the toilet. Similarly, almost 30% of all disabled students said that the student unions were actually included in places that were difficult to reach due to their handicap. Read more about specialist investments.
While the situation seems quite sad, a ray of hope is beginning to appear. Specialist investments are on the rise, with many property developers now taking special care to ensure that the needs of disabled individuals are considered. The demand for places that offer accommodation and facilities for disabled students is on the rise. Buildings that have the Equal Access stamp also have a significantly higher value on the market, which is why property developers are scrambling to try to make arrangements.
Specialist Property Investments
The property market in the UK is worth trillions. Numerous property management firms have begun to report that specialist properties, such as student accommodation buildings, are likely to increase in popularity within the next few years. As a result, investment in this sector is increasing drastically. Property developers generally create dormitories and buildings close to university campuses, and then give them out on rent. Obviously, regular maintenance and upkeep are important, and since the building must offer Equal Access, the developers and managers will also have to ensure that adequate facilities are provided to disabled individuals. Ramps and easy access routes are created in the building, along with hoists and other facilities in toilets and bedrooms.
The Property Market at a Glance
Investment in the property market of the UK is currently quite slow. That’s mainly due to the UK referendum, which took place on the 23rd of June. 52% of the population voted to leave the European Union. This hit the markets hard. Within a day, more than £180 billion was wiped off the market. The value of the pound sterling also fell sharply. Before the referendum, many property investors were quite scared about what would happen if the outcome was negative and the UK decided to leave the EU. That is why property investments had slowed down. In order to curb this, many property management firms and investment companies began offering Brexit proof clauses, which offered a full refund (terms and conditions applicable) in case the referendum was negative.