{"id":2201,"date":"2019-01-18T08:38:08","date_gmt":"2019-01-18T08:38:08","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=2201"},"modified":"2019-01-18T08:38:08","modified_gmt":"2019-01-18T08:38:08","slug":"build-to-rent-home-construction-jumps-40","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/build-to-rent-home-construction-jumps-40\/","title":{"rendered":"Build-to-rent home construction jumps 40%"},"content":{"rendered":"

Build-to-rent homes under construction soared 40% last year as projects in the regions caught up with the capital.<\/p>\n

Research published by the British Property Federation shows that build-to-rent homes are now providing significant work streams for contractors.<\/p>\n

There are now 139,508 build-to-rent homes complete, under construction and in planning across the UK \u2013 an increase of 22% the last year with the number of homes completed and in planning up by 29 and 10% respectively.<\/p>\n

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As build-to-rent continues to grow, it has also been able to diversify its offer \u2013 with 15 per cent of schemes in the pipeline including houses, rather than just typical high-rise apartments.<\/p>\n

In 2018, the Prime Minister Theresa May called for the entire private rental sector, including both the buy-to-let and build-to-rent sectors, to provide longer-term \u2018family-friendly\u2019 tenancies.<\/p>\n

The build-to-rent sector has committed to offering this, a promise to ensure more stability and predictability when renting, said researchers.<\/p>\n

Total number of build-to-rent homes recorded at the end of Q4 2018 vs at Q4 2017<\/strong><\/span><\/p>\n

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SOURCE: BPF with analysis from Savills<\/em><\/p>\n

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Developments in the regions continue to be given the green light at a faster pace \u2013 with 24,010 homes under construction in the regions and 19,304 in London.<\/p>\n

And for the first time, the total number of completed build-to-rent homes across the UK regions (14,615 homes) has caught up with the total in London (14,801).<\/p>\n

Total number of build-to-rent homes recorded at the end of Q4\u00a02018<\/strong><\/span><\/p>\n<\/div>\n

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Ian Fletcher, Director of Real Estate Policy at British Property Federation said:\u00a0<\/strong>\u201cWith the revised National Planning Policy Framework, asking local authorities to identify how many new rental homes their respective areas need, the future should remain bright for build-to-rent.<\/p>\n

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“This has never before been enshrined in UK planning policy and will only add to the growing number of local authorities that are seeing the benefits of build-to-rent in adding much-needed housing supply across the UK.<\/p>\n

\u201cPermitted development rights was a policy designed in response to planning policy failure, where too many office buildings sat empty for far too long. Clearly for build-the-rent, PDR has supported kick-starting the sector\u2019s growth, but its use has decreased, and this trend is likely to continue.\u201d<\/p>\n

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from Construction Enquirer http:\/\/bit.ly\/2RV0DOr<\/p>\n","protected":false},"excerpt":{"rendered":"

Build-to-rent homes under construction soared 40% last year as projects in the regions caught up with the capital. Research published by the British Property Federation shows that build-to-rent homes are now providing significant work streams for contractors. There are now 139,508 build-to-rent homes complete, under construction and in planning across the UK \u2013 an increase […]<\/p>\n","protected":false},"author":1,"featured_media":156,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-2201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/2201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=2201"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/2201\/revisions"}],"predecessor-version":[{"id":2202,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/2201\/revisions\/2202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/154"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=2201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=2201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=2201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}