The rise of Build to Rent: five key facts

June 7, 2018 / Isla MacFarlane
The rise of Build to Rent: five key facts

Politicians tell us that rent is no longer a dirty word, but to top home ownership Build to Rent developers are under pressure to deliver something pretty special.

Build to Rent is rarely out of the property papers, promising a panacea for the housing crisis. Some of the cold hard numbers make impressive reading:

  • There are now 95,918 Build-to-Rent homes complete, under construction and in planning across the UK, according to research by the British Property Foundation.
  • On 5 March 2018, the Prime Minister Theresa May called for the entire private rental sector, including both the buy-to-let and build-to-rent sectors, to provide longer-term ‘family-friendly’ tenancies; the build-to-rent sector has already committed to offering this.
  • As build-to-rent continues to grow, it has also been able to diversify its offer – with 17% of schemes in the pipeline including houses, rather than just typical high-rise apartments.
  • The number of homes completed and under construction has risen by 46% in the past year alone, according to Savills, and the pre-planning pipeline is growing quickly; the build to rent pipeline could double to around 200,000 within the next two years.
  • A recent survey by the BPF showed that three quarters (75%) of MPs support build-to-rent and its contribution to UK housing supply.

However, people don’t live in statistics or glossy prospectuses. To build a sustainable solution and not just a business hotel for middle class millennials, Build to Rent developers must take notes on how to build a community.

Last year, the WhatHouse? Awards celebrated the Build to Rent schemes that are getting it right. In 2017, Legal and General won gold for The Slate Yard in Salford. Do you know a scheme that deserves gold this year?

We’re looking for entries that offer high standards of design, interactive social hubs, office space and leisure facilities and dedicated onsite management services to fulfil the needs of the development’s tenants.

Now in its 37th year, the WhatHouse? Awards is the biggest and most prestigious event for our nation’s new homes builders. This year’s event will again take place in the Great Room of the Grosvenor House Hotel in London’s Park Lane where around 1,600 senior housebuilding figures will attend to learn the winners of 21 categories covering the spectrum of properties and companies in this vital industry.

Entry deadline for this years awards is 13th July, download the 2018 awards entry prospectus for more information.

Together, our Awards ceremonies offer an unparalleled chance to network and entertain clients within a high profile, and rewarding celebratory environment that brings our community together.

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