The build-to-rent sector has been growing exponentially over recent years.
According to the latest figures, there are 63,950 completed homes in the sector and a further 42,000 under construction. *
The build-to-rent sector presents a huge opportunity to provide purpose-built rental housing, especially as it coincides with a strong rental growth across the UK.
The successive lockdowns have increased the desire for space, with 72% of tenants stating green space as being more important in their property search than it was pre-pandemic.**
Furthermore, the demand for both high-tech and pet-friendly properties has increased within the last 18 months.
One of the unique things about the build-to-rent market is that the focus is on the tenant, with the properties designed with the ‘modern day’ renter in mind.
As a result, tenants are often willing to pay more for the added extras and stay for longer.
If you are looking to take advantage of this growing market, contact our professionals for helpful advice and guidance.
*Buy Association
**Property Reporter
