Investors are poised to pay an extra £36 billion on building rental homes by 2025 to capitalise on the growing demand from renters who can’t get onto the property ladder. It is thought that professional landlords who are already in the sector will opt for period conversions in London, where they can maximise on capital growth while potentially adding additional bedrooms via building extensions. In Manchester, our buyers are only opting for new builds as the demand from generation Z (aka millennial’s) seek to look for developments with amenities and open plan spaces to both live and work in.
It is expected that an extra 560,000 households will be living in the private rented sector by 2023. There are already 111,092 rental homes under construction or being planned for the UK, with more than half of these current investments in London. We believe that large-scale professional private-rented sector landlords are well placed to take these changes on board, as well as satisfying some of the structural shortfall in our housing supply.
To find out more information about getting onto the property ladder or investing on building rental homes, feel free to contact a member of our team.