BUILD TO RENT (BTR) IS DEFINED AS WHOLLY OWNED APARTMENT BLOCKS AND HOUSING CLUSTERS, DESIGNED FROM THE PLANNING STAGES, WITH LONG TERM SINGLE OWNERSHIP AND PROFESSIONAL, INSTITUTIONAL GRADE MANAGEMENT IN MIND.


PRS (Private Rented Sector) is often referred to as: • Residential buildings that were not originally intended or designed for rent.


• The wider rented sector where more than 98% is currently let by small scale (less than 10 homes) buy-to-let landlords.


There is a rapidly growing proportion of large scale landlords, in particular institutional investors building BTR portfolios for long term renting. Renting is the fastest growing tenure and BTR is playing an important role in developing this growing market.


As such, BTR, typically of apartment and housing schemes of over 50 dwellings is contributing to solve the nation’s housing challenges as part of a multi-tenure solution.


KEY DRIVERS


Investors: Long term income, diversification, low risk, supporting demographic trends


Developers: Reduced exit risk, cheaper funding, faster exit and less equity commitment


Local Authorities: Early regeneration, integrated communities, lower barriers to entry for tenants, improved quality and management practices


Renters: Greater depth of choice, flexibility, convenience, high quality of service, liquidity and sense of community


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