Build to Rent (BTR) has been put up as a potential solution to London’s long-term housing crisis. Comprising high-quality, professionally managed, affordable and tenure-secure homes, BTR is showing itself to be an attractive option for property developers and tenants alike.
BTR is largely self-explanatory: purpose-built housing designed for rent rather than sale. Generally speaking, tenants get much more than bog-standard rental properties with apartments often finished to a higher standard with access to amenities included.
With tenant demand continuing to rise, and not being met by the existing rental market (especially in London), BTR is proving an increasingly popular type of development among property developers.
In February 2022, the Buy Association reported the number of build-to-rent units under construction has risen by 8% in the past year. Completions have gone up by 26% during the same period.