On a related subject: the huge expansion of student accomodation, often prefixed by the word ‘luxury’. I believe there’s all sorts of financial incentives and tax-breaks for developers and it strikes me that this is a bubble that will burst, not least due to the declining birthrate which will see fewer youngsters to fill the places, homegrown ones at least.
The bulidings themselves are generally ugly, utilitarian multi-storey boxes, and I suspect built to a lowish standard that wouldn’t permit their use as permenent accommodation once the supply reduces.