Landlords advised to assess local market changes from build-to-rent schemes
UKPulse Property Desk
Property118 suggests landlords examine local market changes, including employment, transport, amenities, and competition, when large build-to-rent developments are planned or under construction.
- Build-to-rent housing is developed specifically for renting and often operated as a managed scheme.
- Landlords are advised to consider employment, transport, and amenities when assessing the demand for new rental properties.
- The NRLA suggests that bringing residents into regeneration areas can support local businesses and mixed neighbourhoods.
Landlords are being advised to carefully consider the impact of large build-to-rent developments on local property markets. Property118 highlights the importance of understanding who is expected to live in these new homes and what will attract them.
The advice suggests examining local employment, transport links, and everyday amenities to assess demand. It also recommends distinguishing between proposed schemes, those under construction, and homes already available to rent.
Landlords are encouraged to compare their own properties from a tenant's perspective, considering what is included in the rent and any additional costs. The focus should be on what an existing property provides for its total cost, rather than simply imitating features of new developments.
The National Residential Landlords Association (NRLA) indicates that bringing residents into regeneration areas can support local businesses and the development of mixed neighbourhoods.
Why this matters: Understanding the local market dynamics created by large build-to-rent developments can help landlords make informed decisions about their existing properties.
What this means for you: If you are a landlord, assessing local market changes, including new build-to-rent schemes, can help you evaluate the competitiveness of your property and inform decisions about improvements or rental pricing.