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Timber structures Housing

The Anderston regeneration project, Glasgow. By CCG for Sanctuary Scotland Housing Association. Photo: CCG The Anderston regeneration project in Glasgow was a phased development by housing association Sanctuary Scotland to create 540 affordable flats, maisonettes and town houses to replace existing 1960s damp and draughty concrete blocks. Delivered by CCG and constructed quickly using closed-panel timber frame, the new properties offer energy savings to residents, helping to tackle the issue of fuel poverty.

portfolios. Their aim is to help relieve the housing shortage while also generating revenue to fund further housing developments. Frequently, as part of a new build-to-rent development, planners stipulate that a proportion of the properties should be for affordable private rent, usually using the discount market rate model. The Government proposes that, in these cases, a minimum of 20% of the homes should be provided at a minimum of 20% discount.2

The Government expects that family-friendly tenancies of three years or more will become the norm (for those tenants who want one) in the build-to-rent sector.2

The benefits of build-to-rent According to the Ministry of Housing, Communities & Local Government2 there are four main benefits of build-to-rent.

In March 2018, Prime Minister Theresa May pledged to tackle the housing crisis head-on, with one key area being a shakeup of the rental market, introducing longer-term tenancies that are more suitable for families.

Boosting supply Build-to-rent developers often prefer town centre sites for higher density housing that can be less attractive for traditional housebuilders. Modern methods of construction lend themselves well to the build-to-rent model, as housing can be built faster, providing revenue streams for investors more quickly.

As a business model based on a long-term income stream, build-to-rent lends itself well to offering longer tenancies if required, especially for families with children. Meeting this need has become more important as 38% of households in the privately rented sector have dependent children, a proportion that is steadily increasing every year.3 Build-to-rent also offers a long-term housing solution for the large proportion of millennials who are not ever expected to make it onto the housing ladder as prices continue to rise.4

Quality and choice Build-to-rent schemes are built and professionally managed on a scale that typically allows a higher level of services and amenities such as an on-site concierge and communal space. The investor is incentivised to maintain not only the apartment itself, but also the building and the wider public area. As the build-to-rent business model is primarily based on income rather than capital gains, landlords will aim to attract and retain customers by offering a good service. >>

Meeting a need for housing

www.trada.co.uk

Timber 2019 Industry Yearbook

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Profile for BM TRADA

Timber 2019 Industry Yearbook  

The annual publication of the Timber Research and Development Association (TRADA) includes topical and technical features on all aspects of...

Timber 2019 Industry Yearbook  

The annual publication of the Timber Research and Development Association (TRADA) includes topical and technical features on all aspects of...

Profile for trada
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