Build to rent UK
Build to Rent UK (BTR) properties are relatively new on the housing scene, and they refer to purpose-built housing designed for rent rather than sale. These schemes usually offer longer tenancy agreements and are often professionally managed by the owner or letting agent. There is a huge demand for BTR in the UK and we are seeing more developments popping up across the country.
What makes build-to-rent UK properties different?
BTR properties are built with renters in mind, so every aspect has been carefully considered to maximise the ROI. Often, builders are making homes and apartments to suit renter’s lifestyles, which can attract tenants quickly and with a higher price tag. The majority of BTR properties are luxury apartments with gyms and concierge, focussing on the high-end lifestyle. However, like with any new development they are required to follow strict government guidelines. These suggest that all BTR developments should have 20% of the site designated for affordable housing.
Benefits of BTR for investors and developers
Speed to market – Rental developments can be delivered faster than housing for sale as it does not risk market saturation in the same way. Modular construction can further facilitate speed to market. Market. Technology – Smart buildings are the future of development – investing in digital infrastructure will certainly play a major role in achieving net-zero carbon ambitions.
Benefits of BTR for tenants
For tenants, BTR is great for working, living, and playing under one roof. They appeal to residents for their community-focused design and their amenities; gyms, restaurants, green spaces, workspaces, and communal roof terraces. the high-quality facilities are typically maintained to a high standard by building management, often with staff on-site on a 24-hour basis.
If you’re looking for someone to look after your portfolio of properties then contact a member of our team today.