Build to rent contributes massively to supply, given its high density.
The key benefit of build to rent is to accelerate delivery of housing. This makes significant contribution to the UK’s housing supply by offering mid-market pricing, ultimately meeting the local housing need. A 1000-unit development which usually will take ten years to complete and sell on a phased basis, the rental model of build to rent is estimated to take only four years.
The benefits that the build to rent sector has will affect local authorities, developers and investors, as well as those looking for a safe, good quality home to save for their deposit.
Local authorities should use their discretion in the planning system to plan for and enable developments of privately rented homes, where local needs can be really met. Build to rent offers the control of tenures, from open market and affordable and social rents. The scheme can ensure local housing targets are being met and not lost in the buy-to-let market volatility.
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