Posts with tag: built to rent

Is build to rent now the dominant force in London’s new build sector?

Published On: June 4, 2021 at 7:55 am


Categories: Landlord News,Property News

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Build to rent specialist Ascend Properties has seen an increase in build to rent properties being completed in London during the past year.

In Q1 2020, there were 1,600 completions, while in Q1 2021, there were 1,809 completions, a rise of 13%.

Comparing the success of London build to rent during the pandemic with the success of the wider new-build sector during the same time period, Ascend has found the data suggests Build to Rent is becoming the go-to choice for developers in the capital.

It states that while in London new build completions as a whole fell by -10% during the pandemic, the number of build to rent completions rose by almost 60%.

Ged McPartlin, Managing Director of Ascend Properties, comments: “This data shows, without question, that build to rent is now the premier choice for London developers. While the pandemic has brought about a marginal decline in build to rent completions at a national level, the sector has gone from strength to strength within the capital and now accounts for a far greater proportion of all new build completions.

“This is hardly surprising as build to rent lends itself perfectly to the mixed-use development schemes that are fast becoming a key focus for London developers and local authorities, who are looking to revive demand in urban areas that have suffered since people stopped commuting into work.

“It’s often the case that unexpected global events turn long-term visions into immediate actions – this is the case with COVID and build to rent. Build to rent was always destined to dominate the long-term vision of developers and residents alike, but the pandemic has now expedited that process of evolution.”

Latest quarterly build to rent completions
Location2020 – Q12020 – Q42021 – Q1Quarterly ChangeAnnual Change
Data sourced from

Note: The below data on pandemic build to rent completions (Table 1) includes the latest sector data for Q1 2021 (above). Therefore, the pandemic timeline includes five quarters of completion data and (Q1 2020 to Q1 2021), and compares to the previous five quarters (Q4 2018 to Q4 2019).

Table 2 shows how these completions compare to new build transactions. However, as the latest available data for new build transactions is Q4 2020, the timeline reflects this with a year on year look to give an accurate comparison. Q1 2021 build to rent completions have not been included, which is why the totals differ from those in Table 1.

Table 1 shows the change in build to rent completions since the pandemic compared to the same time period previous
LocationBefore pandemicSince pandemicDifferenceDifference %
Time Period(2018 Q4 to 2019 Q4)(2020 Q1 to 2021 Q1)  
Data sourced from
Table 2 shows the change in build to rent completions since the pandemic compared to the same time period previous
SectorBefore pandemicSince pandemicDifference
London New Build Completions21,28019,110-2,170
London Build to Rent Completions3,5285,5622,034
Time Period(2019 Q1 to 2019 Q4)(2020 Q1 to 2020 Q4) 
Data sourced from (BTR) and (New Build)

Stamp Duty should be scrapped for professional investors

Published On: June 6, 2016 at 1:55 pm


Categories: Finance News

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The Better Renting for Britain campaign have called for professional investors to be made exempt from the 3% Stamp Duty surcharge.

Some of the most recognisable investors in the country have written an open letter to the Housing Minister Brandon Lewis. The letter asks for an exemption from the extra surcharge, introduced on April 1st.

Stamp Duty

Institutional investors who have invested significant sums of cash in Build to Rent schemes were deterred when Chancellor Osborne announced that they would be subjected to the additional charge.

The letter to Mr Lewis has been signed by 11 companies and outlines a three-point action plan that could see 250,000 additional homes built for rent. This in turn would help to deliver on its promise to build one million homes by 2020.

Signatories to the letter include Grainger Plc, Essential Living, LaSalle Investment Management, Fizzing Living and Hermes Investment Management.

Facing facts

Martin Bellinger, chief operating officer at Essential Living said, ‘until we face up to the fact that promoting home ownership at all costs will lead us nowhere, Britain will not overcome its housing shortage. The housing minister has been very supportive of Build to Rent, but what’s crucial is that the prime minister and chancellor recognise the contribution this could make to helping them keep their promises on building a million homes by 2020.’[1]

Helen Gordon, chief executive at Grainger Plc, feels that it is vital that the Government does all it can to housebuilders to develop more homes.

Gordon said, ‘our vision is for a better rental market, underpinned by good value for money for our customers, supporting economic growth and housing supply. We are looking to invest hundreds of millions of pounds into new rental homes, designed specifically for the renting, which we will directly manage for many years to come.’[1]

Stamp Duty should be scrapped for professional investors

Stamp Duty should be scrapped for professional investors


Chris Taylor, head of private markets at Hermes Investment Management, believes that experience from countries such as Germany and Holland shows that there is potential for a profitable Build to Rent market here in the UK.

Mr Taylor said, ‘crucially, this investment will typically be long term institutional programmes committed to providing institutional quality and professionally maintained, purpose built rental blocks. Designating sites as suitable for Build to Rent in local plans, as well as identifying public land sites, will greatly assist new supply.’[1]


Edinburgh Council Will Build Private Rental Homes

Published On: April 24, 2015 at 3:30 pm


Categories: Landlord News

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Edinburgh Council Will Build Private Rental Homes

Edinburgh Council Will Build Private Rental Homes

Edinburgh will become the first local authority in Scotland to move into the private rental sector when it builds up to 1,000 homes a year for commercial rent.

The Edinburgh Evening News revealed that the City of Edinburgh Council would launch a new company called Edinburgh Homes.

The newspaper claims that Edinburgh Homes would seek private investors to fund new developments and contracts would be awarded to construction companies to build the properties, before Edinburgh Homes rents, manages and maintains them.

A Council spokesperson says: “We would aim for about 1,000 a year. It has been done elsewhere and it seems to work well. It will make a profit for the Council, which will be reinvested into council services.”1 

A report for a meeting of the Council’s health, social care and housing committee due next week raises concerns over the cost of housing and how this could increase if the demand for the accommodation is not met. The report also states that the purpose of Edinburgh Homes is to build “good quality, well managed homes.”

It continues: “Since the 1970s, house building has failed to keep pace with demand. This, and the relatively easy availability of credit for house buying (until 2008), are the main reasons that the cost of buying or renting a home in the city is too high for households on low to moderate incomes.”1