Build to Rent
The development of apartment blocks has seen considerable change in recent years, driven by increased demand in the private rental sector. With one in five UK households now renting, increased appetite for longer tenancies and professionally managed apartment blocks has seen impressive growth in the Build to Rent and Co-living sectors.
Initial growth in the Build to Rent sector was largely confined to London, with the regions presenting some challenges for developers in terms of pricing and planning. However, schemes have begun to appear outside of London, particularly in Birmingham and Manchester, and more are in the planning pipeline. Rent collection showed itself to be broadly robust in 2020 despite the Covid-19 pandemic and is predicted to increase in 2021.