What is Build to Rent and how does it work?
Build to Rent is a term coined for property design and developed to appeal to the needs of tenants rather than owner-occupiers. The UK’s Build to Rent sector has seen a steady and rapid rise over the last ten years, emerging as a viable way for developers and investors to provide high-quality, purpose-built accommodation, often in city centre locations for renters on the local market.
Each development is designed with the local property market in mind and often features desirable on-site facilities, including management and concierge, plus enhanced security features, including CCTV and fob lock entry systems. In larger Build to Rent developments, residents have access to hotel-style facilities such as a gym, communal spaces, and practical amenities such as bike storage, parking, and even storage space.
The Build to Rent market can cater to long-term and short-term tenancies and provides higher-quality rental accommodation.