The build to rent industry is booming and will continue to grow, so we look at how BTR works and what are the benefits for investors and tenants.
-
What is built to rent?
-
Why is it so attractive to investors?
-
Why is it so popular?
What is built to rent?
The short definition of build to rent is a purpose built development of residential property designed for rent instead of sale. There are a total 131, 855 build to rent units either completed or planned across the UK, with 67,117 units in London alone, whilst studies show ‘the number of UK residents rent privately doubling over the past decade.
This shows the growth of the scheme and the prospects BTR has to offer. BTR has the potential to solve the supply of quality affordable houses, with a government-issued fund of £1billion set aside to support these schemes.
