For developers that include amenities such as a rooftop terrace and garden, a residents’ lounge, fitness centre, and the bonus of being ‘pet friendly’ – it’s not hard to see the attraction of these developments for ‘generation rent’. It perfectly addresses the critical shortage of urban housing and fulfils at least the short-term needs of renters.
House prices are still relatively high compared to incomes and raising a deposit is still a monumental challenge for many house buyers. This is what has prompted generation rent and the demand for suitable rental properties.
LONDON AND NORTH WEST SHARE OF NATIONAL STOCK
78% Demand for rental homes set to increase following end of Help to Buy Scheme in 2023
Completed build-to-rent units
