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Close to a third of starts for rental
Around 29% of housing starts in the first quarter of 2015 were homes developed specifically for rent, a new report backed by the British Property Federation has said.
The report, which will be published on Monday, says the developing Build to Rent market could draw in real estate investors more familiar with offices, shopping centres or warehouses.
It said that with “the right political support”, £30bn of institutional investment could be pulled into the professional private rental sector.
The report, produced by law firm Addleshaw Goddard, said “all major housing associations” now have some level of Build to Rent in their portfolios, with many seeking to expand.
Ian Fletcher, director of policy at the British Property Federation, said: ‘Build to Rent has truly arrived, as we are now able to point to exciting new developments that are well managed and delivering quality homes for young renters.’
