The Build to Rent (BTR) sector is rapidly expanding in the UK, introducing innovative solutions to meet the increasing demand for high-quality rental properties. This growth is marked by new schemes and initiatives that aim to enhance the living experience for tenants and streamline property management for investors.
Innovation into new schemes
Simple Life is leading the way in the BTR sector with the launch of the UK’s first Single Family Housing (SFH) BTR TV advert. This campaign aims to raise awareness of SFH BTR properties, which provide the privacy and space of a traditional single-family home combined with the convenience and security of professional property management. By offering more flexible and family-friendly rental options, Simple Life is catering to the evolving needs of modern renters.
In addition to Simple Life, Ascend is also leading the way in the Build to Rent industry by launching the first online Single Family Housing (SFH) BTR expenditure tool. This innovative tool offers investors a comprehensive view of the operating costs associated with managing SFH BTR properties. By providing detailed insights, the tool helps investors make informed decisions, optimise their investment strategies, and improve their overall financial performance.
Advancements in Property Management
The BTR sector is undergoing a transformation in property management practices. Touchstone’s appointment as managing agent for Cheyne Impact Real Estate’s latest scheme in Acton Gardens underscores the crucial role of professional management in ensuring the success of BTR developments.
Businesses such as Exance play a key role in the BTR sector providing necessary insurance and warranty services. Exance offers structural warranties and latent defects insurance for new builds, which are vital in protecting investments and ensuring they are built to specified standards. These services are put in place to reduce the risk for developers and investors, which in turn strengthens the confidence and stability of the BTR market.
Government Support and Regulation
Government policies and regulations are playing a crucial role in shaping the growth of the BTR sector. The upcoming Future Homes Standard, set to be implemented in 2025, will require new homes to meet stringent energy efficiency standards. This regulation aligns with the UK’s broader net-zero carbon emissions strategy and will make BTR properties more attractive to environmentally conscious tenants.
Furthermore, the government’s Affordable Homes Guarantee Scheme, with an expanded £6 billion fund, provides low-cost loans to housing providers. This funding is instrumental in driving the construction of new affordable homes and upgrading existing properties. By facilitating access to affordable financing, the scheme encourages the development of more BTR properties, helping to address the housing shortage and meet the growing demand for rental housing.
Build to Rent’s impact on communities
The expansion of the Build To Rent sector is significantly impacting both tenants and communities. BTR developments offer a range of amenities and services designed to enhance the living experience for residents, these include on-site gyms, communal spaces, and professional management services. Such features make BTR properties particularly attractive to young professionals and families who are seeking flexible, high-quality rental options.
BTR developments are playing a significant role in the regeneration of urban areas. By providing modern, well-designed rental properties, these developments help revitalise communities and stimulate local economies. The focus on sustainability and energy efficiency aligns with the UK’s environmental goals, promoting a greener and more sustainable future for housing.
Discover what we can do for you!
Exance provides access to insurance capacity for a range of niche insurance products, providing technical and underwriting support.
Recent Comments