{"id":7002,"date":"2017-11-23T15:40:40","date_gmt":"2017-11-23T15:40:40","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=7002"},"modified":"2017-11-23T15:40:40","modified_gmt":"2017-11-23T15:40:40","slug":"build-to-rent-market-gets-green-light-autumn-budget","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/build-to-rent-market-gets-green-light-autumn-budget\/","title":{"rendered":"Build-to-rent market gets the green light in Autumn Budget"},"content":{"rendered":"

The \u00a38bn investment promised for private housebuilding and build-to-rent homes demonstrates the importance of the emerging sector.<\/strong><\/p>\n

Much of the Budget yesterday focused on “the challenge of the housing market”, with a number of measures set out to help boost the market while improving the lives of both buyers and renters.<\/p>\n

The build-to-rent sector got a special mention, as chancellor Phillip Hammond revealed that the government is planning to invest “\u00a38bn of new financial guarantees to support private housebuilding and the purpose-built<\/a> private rented sector”.<\/p>\n

He vowed to build “high-quality, high-density<\/a> homes in city centres and around transport hubs”, adding: “We will ensure that councils in high demand areas permit more homes for local first-time buyers and affordable renters<\/a>.”<\/p>\n

Buy or build<\/h4>\n

While there have been reports of a possible decline in buy-to-let<\/a> over recent months due to increased regulations and restrictions being enforced, it seems build-to-rent is on the opposite trajectory.<\/p>\n

According to statistics from the British Property Federation<\/a>, there are currently an estimated\u00a095,918 units across the UK either completed, under construction or waiting for planning permission – and that number is set to grow with the latest backing from the government.<\/p>\n

Build-to-rent homes are designed and built specifically for renters, so are never owned by the person who lives in them or a private landlord. Instead they tend to be owned by developers or institutional investors.<\/p>\n

Because of the nature of build-to-rent homes, they are often more appealing to tenants – they are newly built<\/a> with all the facilities a renter might need<\/a>, and often offer longer-term tenancies and more security, as well as the guarantee of being professionally managed. With an increasing number of people joining Generation Rent<\/a>, demand for such housing is likely to be high.<\/p>\n

As such, they can be an attractive investment option for those looking to avoid the traditional buy-to-let<\/a> route. Research from Knight Frank before the Budget predicted that institutional investment in the sector will grow by 180% over the next six years, and\u00a0790,000 more households in this sector will enter the market by 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The \u00a38bn investment promised for private housebuilding and build-to-rent homes demonstrates the importance of the emerging sector. Much of the Budget yesterday focused on “the challenge of the housing market”, with a number of measures set out to help boost the market while improving the lives of both buyers and renters. The build-to-rent sector got… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":7052,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,4,59,6],"tags":[341],"class_list":["post-7002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-investment","category-trending-news","category-uk-housing-market","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/7002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=7002"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/7002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/7052"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=7002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=7002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=7002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}