Webinar to explore why Build to Rent is becoming the new normal

The Urban Living Webinar S2, brought to you by res:harmonics, will take place on 27 January at 2pm.

REGISTER TO JOIN HERE

‘BTR – the ‘new normal’ for urban living’, will discuss how a combination of rising property prices, a shortage of new housing and changing attitudes to home ownership and rentals are making Build-to-Rent the norm for a new generation of urban professionals. Covering design and build, operations, marketing, application of hospitality skills and ethos to BTR.

Featuring:

• Giles Horwitch-Smith, CEO, Res:Harmonics;
• Gerard Nolan, partner, Gerard Nolan and Partners; chairman, C1 Capital;
• Richard Smith, managing director, Moda Life Management;
• John Badman, head of residential, CallisonRTKL;
• Ed Ellington, founder and MD, Packaged Living.

The Build to Rent sector has ballooned 281% since 2015. In 2019 the operational UK Build to Rent market was valued at c £10bn.

It is no longer a London phenomenon, with Manchester home to 23,000 BTR homes and cities such as Birmingham and Leeds vying to catch up. While it remains in its infancy at just 10% of the rental market, its growth is being powered by global investors such as Goldman Sachs.

The sector continues to go from strength to strength, with the build-to-rent pipeline growing considerably each year.

Research by the British Property Federation shows that were 148,046 build-to-rent homes complete, under construction or in planning across the UK in the third quarter of 2019, a jump of some 20% against the same period the year before. The number of completed units rose by 31% over the same period, to 34,840.

The average size of build-to-rent developments is also growing, indicating the confidence that investors have in the sector. In Q3 2019, the average size of each completed build-to-rent scheme was 133 units, this increases to 245 units for the schemes under construction, while the average size of schemes in the planning system is higher still at 325 units.

The larger size of build-to-rent schemes underlines the growing importance of build-to-rent in increasing UK residential supply and meeting government housebuilding targets.