In a recent article for LandlordZone, Helen Gregory discussed the shift from traditional private landlords to pension funds and private equity firms dominating the build-to-rent (BTR) sector. Andy Jones, Group Director of Corporate & Build to Rent at Leaders Romans Group, comments on this trend, emphasising the benefits BTR homes bring to the current housing crisis.
"The evolving landscape of the rental market, driven by tax changes and high mortgage rates, underscores the importance of BTR developments. These projects, including single-family BTR homes in suburban areas, offer high-quality rental accommodations and are a vital part of the solution to the housing shortage," says Jones.
Build-to-rent homes present several advantages:
As the Labour government aims to amend planning rules to build 1.5 million homes, BTR developments by corporate investors will play a crucial role. This shift not only addresses the demand driven by high net migration and an influx of overseas students and expats but also aligns with Labour's housing plans to provide diverse housing solutions, including social and affordable rentals.
Jones highlights, "The BTR sector is uniquely positioned to meet the diverse needs of today's rental market. By embracing this model, we can ensure a more sustainable and resilient housing future."
Let's continue the conversation on how BTR can shape the future of housing and provide solutions to the pressing housing shortage.
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