The country’s rental market remains a vital part of the UK property sector. More than ever, though, people are looking at renting as a long-term option, and are seeking places that offer a bit more than a standard buy-to-let.
The pair from LRG think the build-to-rent boom will diversify in 2022 to encompass single-family or individual housing as well. At present, build-to-rent is often aimed at multifamily apartments with some shared facilities.
LRG adds: “This is set to expand next year with real estate heavy hitters, such as Lloyd’s and John Lewis & Partners, diversifying some of their portfolios from the commercial property into build-to-rent residential property, sending a signal to landlords that there is strength in the sector. But the market needs a far larger supply of units in the build cycle to keep up with demand and this is a strong time to invest in build-to-rent.”