" The number of professionally managed build to rent homes in Britain is about to jump 240pc "
The pandemic has hammered landlords financially while they grapple with punitive tax changes and prepare for further costly legislation.
But there is another threat on the horizon: the rise of build to rent.
The number purpose built, professionally managed rental homes is due to increase by 240pc in the next few years. As of September 2020, there were 50,821 build to rent homes in Britain, according to the British Property Federation, an industry body. There were a further 36,701 under construction, while 84,292 were in planning.
Simon Scott, of Flatfair, a rental tech company, said that in the next two years the total number “could double or quadruple”.
This is because unlike small-scale landlords, the build to rent sector is backed by massive institutional investors such as pension funds, which see it as a stable source of revenue."
The next big threat facing buy-to-let landlords
DOOMed...
The pandemic has hammered landlords financially while they grapple with punitive tax changes and prepare for further costly legislation.
But there is another threat on the horizon: the rise of build to rent.
The number purpose built, professionally managed rental homes is due to increase by 240pc in the next few years. As of September 2020, there were 50,821 build to rent homes in Britain, according to the British Property Federation, an industry body. There were a further 36,701 under construction, while 84,292 were in planning.
Simon Scott, of Flatfair, a rental tech company, said that in the next two years the total number “could double or quadruple”.
This is because unlike small-scale landlords, the build to rent sector is backed by massive institutional investors such as pension funds, which see it as a stable source of revenue."
The next big threat facing buy-to-let landlords
DOOMed...
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