Posts with tag: build to rent

The rising popularity of pet-friendly lets and where to find them

Published On: September 24, 2021 at 8:07 am


Categories: Lettings News

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Being pet-friendly is currently the most common attribute shared among UK build to rent developments, according to research from Manor Interiors.

The provider of build-to-rent furnishing solutions has analysed the most common features found in those developments currently being listed on the market. 47% of the build to rent developments actively being listed state that they are pet-friendly.

Farhan Malik, CEO of Manor Interiors, commented: “Build to rent is increasing in popularity so quickly because it offers a truly modern renting experience. After decades, if not centuries of an unchanged private rental industry, tenants are starting to kick back against the poor standards and inflexibility common among private landlords.

“It’s clear that the build to rent industry has listened to these renter frustrations and responded by ensuring that their developments cater to the evolving expectations and needs. We see this in the fact that nearly half of build to rent developments are pet friendly, an increasingly common renter demand that private landlords have long refused to engage with.”

The most common build to rent features in the UK market

FeatureBTR Availability
Pet friendly47%
Free Wi-Fi27%
Resident lounge26%
On-site gym20%
Communal gardens12%
No deposit11%
Roof terrace7%
Sourced from 103 BTR Developments via B2R Portal – Love to Rent

Further to this, All About Cats, the provider of guides for taking care of our feline friends, has researched the best and worst cities in the UK to find a pet-friendly rental property.

The top ten best cities for pet-friendly rentals

RankTown / CityTotal Pet LetsTotal Lettings% Pet Friendly Lets

The top ten worst cities for pet-friendly rentals

RankTown / CityTotal Pet LetsTotal Lettings% Pet Friendly Lets
1Newcastle upon Tyne2814601.92%
10Kingston upon Hull176332.69%

All About Cats looked at the 50 largest towns and cities outside of London, as well as individually looking at each London borough. It’s research also found that Barking and Dagenham is the best borough for pet-friendly lets in London. Also, the US has more pet-friendly lets than the UK, with 60% of lets in Illinois being pet-friendly.

Survey looks at desirability of integrated smart technology in rental homes

Published On: June 10, 2021 at 8:11 am


Categories: Lettings News

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Build to rent specialist Ascend Properties has researched whether a rental home with integrated smart tech is more or less likely to attract tenants in the UK.

Ascend Properties states that although it’s fair to say the build to rent sector is the future of renting, when it comes to smart tech integration, residents are less worried.

In a survey of 1,427 UK tenants, only a third responded that they would be more likely to rent a home purely because it had smart tech integration. In addition, 74% also stated they would be unlikely to pay more for a rental property simply because it was smart tech-enabled, and just 2% would be willing to pay much more than the market rate.

Of the smart tech integration benefits listed in the survey, the ability to save money through features such as utility management and smart metres held the greatest appeal.

Ged McPartlin, Managing Director of Ascend Properties, commented: “It’s fair to say that while smart tech is a great addition to the home, residents aren’t quite ready to pay above the odds for the privilege of a fully automated home of the future. In fact, it’s important to get the basics right and provide the fundamentals such as good WIFI, or a well-maintained outdoor space, before you start to add the additional bells and whistles.

“But that’s not to say there isn’t a market for some degree of smart tech and with any investment, it’s about choosing the right additions to compliment the property itself, as well as the wider lifestyle offering you are trying to deliver.

“By doing so, you can appeal to the modern resident without deterring them with a cost of renting that sits far above the expected rate.”

Which of the following benefits of home smart tech integration appeal to you? (Tick all that apply)
Ability to save money (Utilities management etc)23%
Security (Smart locks and surveillance)17%
Entertainment (Smart speakers linked to phone etc)16%
Remote access (Lighting, heating etc)16%
Eco-friendly smart tech14%
Convenience (Voice activation)14%
Would you be more likely to rent a property with smart tech integration?
Somewhat more likely19%
Much more likely10%
How much more would you pay for a rental property with smart tech integration?
Would not pay more74%
A bit more25%
Much more2%

Glasgow’s First Major City Build to Rent Development a Success

Published On: July 8, 2019 at 9:08 am


Categories: Property News

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The first build to rent development in a major city has now been completed in Glasgow.

Within weeks the Merchant City scheme has become popular amongst young professionals, eager to move in. The 36-apartment complex of Candleriggs Court was fully let within only six weeks of being on the market.

Tay Letting, the lettings and property management company that marketed the complex, has reported that it now has a Gross Development Value (GDV) north of £10m.

Marc Taylor, Director of Tay Letting, commented: “Build to Rent developments will play an increasingly important role in Glasgow over the coming years. Tay Letting’s experience in successfully marketing Glasgow’s first major BTR scheme leaves the firm ideally placed to provide expertise and advice for the up and coming sector.”

“Candleriggs Court is a unique development in Glasgow. It offers affordable accommodation in the heart of the Merchant City, while delivering a secluded community just minutes’ walk from the best bars and restaurants the city has to offer.

“This really resonated with potential tenants, and unprecedented demand allowed us to fully-let the development in a matter of weeks.”

Following on from this success, another city centre development is on the horizon, with work currently progressing on a site due to be completed next year. Tay Lettings, working in partnership with Kelvin Properties, looks to continue producing quality build to rent accommodation for those looking to rent in Scotland.

With house prices in Scotland forecasted to rise by 17% in 2022, according to research from Savills, build to rent will help to sustain the city’s accommodation needs.

Stephen McKechnie, Managing Director of Kelvin properties, has said: “We want to help Glasgow flourish and thrive by creating quality housing in prime locations, that really enhance the urban fabric of the city and attract the very best talent to the city. Following the success at Candleriggs Court, we now plan to deliver more market-leading BTR developments across Glasgow.”

Is a Greener Future for Rented Accommodation on the Horizon?

Published On: June 25, 2019 at 9:06 am


Categories: Property News


Property professionals met up recently in London to discuss rented properties in the UK, with one of the key takeaways being that build to rent is driving investment in cleaner energy.

More than 100 people attended the seminar, which was hosted by engineering partnership IN2 in Islington.

It was noted that planning and environmental requirements in Dublin have seen a rapid rise in the use of centralised air source heat pumps. They are being used instead of CHP.

James Redmond, a Director at IN2, spoke alongside Andrew Bradley, of construction cost consultancy Core Five, and architects Graham Hickson-Smith and Richard Fairhead from practice 3DReid.

James said: “These are achieving great energy figures and allowing investors to meet their renewable obligations under Irish legislation.”

He also highlighted that the scale of energy savings and growing consumer demand for energy-efficient living could also stimulate growth in the use of such technology in London.

With residential landlords now legally required to ensure that their lets have an EPC rating of E or higher, this could be the way forward.

Richard and Graham also pointed out how vital it is that project teams work together to make build to rent assets as efficient as possible.

Richard explained: “The fundamental difference with build to rent is that the operator has to deliver amenity, which costs money. If you can be more efficient in the design, you can afford to invest more in amenity.”

Graham stated that allowing for a changing future means developers will have to ask themselves whether or not a modular building approach is right for this kind of project. The answer may be no if an uncompromising modular approach were to limit their ability to adapt the development to suit changing lifestyles of occupants over the lifetime of the building.

Andrew looked at the costs associated with build to rent projects and what would be needed to ensure a return on investment: “These kinds of developments have to be some of the most cost-efficient buildings out there.” He urges investors to take advantage of the fact that there is now a vast amount of data on build to rent developments to draw on.

Before embarking on a build to rent project, Andrew advises developers to ask themselves how many buildings would be optimal, what kind of buildings they should be and whether towers have a useful role to play.

“Repetition in design is fundamental,” he said. “Stacking is important, and regular shapes and apartment sizes are key. Developers need to recognise that some design possibilities, such as basements and inset balconies, are cost prohibitive in build to rent.”

End Property Shortage in Scotland: Developers Call for Partnership with Councils

Published On: April 24, 2019 at 9:26 am


Categories: Property News

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With the aim of solving property shortage issues in Scotland, developers have called for local councils to work more closely with them.

Springfield Properties and Tulloch Homes spoke at a recent event that discussed the future of build to rent.

Springfield Properties chairman Sandy Adam had said: “There is a need for more housing, as demand in Inverness and Moray continues to outstrip supply. Springfield Properties supports the use of technology to make the planning process more transparent, which, in turn, should make it more efficient.

“However, this needs to be part of a wider, more joined up approach to delivering more homes in The Highlands and Moray. We need closer collaboration between developers and local authorities that can help unlock challenging sites, such as those close to existing services and schools.”

As is currently stands, there are around 8000 people on the Highland Housing Register for people looking to find council social housing.

In 2016 a pledge was made by the Scottish Government to deliver 50,000 affordable homes by 2021.

Tulloch Homes chief executive George Fraser said: “The vibrant Highland economy has been created by the actions of both the public and private sector – and should be celebrated. 

“Tulloch Homes looks forward to playing its part in satisfying this demand, working closely with the Highland Council’s Planning Department.

“The Scottish Government has quite correctly stated everyone should have access to high quality, energy efficient homes and if the introduction of modern technology can play its part in making the planning process more efficient then this should be embraced by all stakeholders.”

Kevin Stewart, Minister for Local Government, Housing and Planning attended the event. He commented: “Making sure everyone has a safe, warm and affordable home is central to this Government’s drive for a fairer and more prosperous Scotland.

“Our target of 50,000 homes in this parliamentary term is backed by more than £3 billion – the single biggest investment in, and delivery of, affordable housing since devolution.

“We have already begun consultation in our work to create a sustainable approach to housing beyond 2021. We are preparing for further engagement later in 2019, which will be another valuable opportunity for the housebuilding sector to share their views with the Scottish Government.”

What can the UK Rental Sector Learn from the USA and Europe?

Published On: March 26, 2019 at 11:03 am


Categories: Lettings News

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Renting is on the rise in the UK, however, research suggests that we are still behind on the build to rent trend, compared to the USA and Europe. So, what can the UK rental sector learn from its neighbours?

Broadband and utilities provider Glide has looked into the recent trends in renting in the UK, Europe and the USA, including the countries’ differing attitudes towards housing, to see if our nation is keeping up.

Although the amount of young adults (aged 25-34) renting their homes has almost doubled in a decade, from 24% in 2004 to 46% in 2014, the UK as a whole is still way behind Europe’s leading renting country, Germany. Nearly a fifth (19%) of the UK now lives in private rental housing, which is much lower than the amount in Germany (54%).

This is not just a European trend, however, as the USA has been utilising the build to rent market for the past 20 years, which is expected to grow to $317 billion this year.

The USA, in particular, has become more open to renting, with households of all education levels now more likely to rent than ten years ago, rather than just those considered of a lower social status. It is also interesting that 32% of US citizens rent as a matter of choice, compared with just 9% of the UK rental population, which has no aspiration to buy their own homes.

When looking into the reasons why the UK rental sector is behind on the build to rent trend, it seems to be down to the nation’s attitudes towards housing compared to the USA and Europe.

There are many reasons why people are starting to rent more than ever before, and it isn’t only due to finances. For many millennials who are just starting out on their career paths and are looking to progress in their chosen fields, being able to relocate for better opportunities is essential, thus, renting is the most convenient option.

Renting also provides peace of mind for tenants that, if something in the home breaks or goes wrong, then it is up to either the landlord or property management firm to fix it. This makes it a lot easier for those professionals who perhaps don’t have enough spare time to fix things themselves.

It is clear to see why there are question marks surrounding whether the UK should be looking to its neighbours on embracing the build to rent lifestyle and keep the UK rental sector strong, by providing properties for all different areas of society.