An Equitable Private Rented Sector for London

London’s Build to Rent market is gathering steam. According to analysts Molior, 11,000 new PRS homes have been developed since 2009, 10,000 are under construction and another 22,000 are permitted to start. These new homes are a much-needed contribution to London’s housing. But with two million Londoners in the PRS, very few live in new … [Read more...]

Engaging London’s Private Rented Sector – Report launch

In the last 10 years, the private rented sector (PRS) has rarely been out of the public eye. Once a small proportion of the housing market catering for a specific need, the number of households in the PRS in England more than doubled in the past 20 years. London’s PRS doubled in just over a decade and continues to rise; 40% of London’s households … [Read more...]

Private Landlord Licensing – A growing trend

More boroughs than ever are using landlord licensing powers to improve their private rented sector (PRS). Introduced in 2006 to tackle anti-social behaviour, licensing schemes are mechanisms for identifying hazardous properties and improving management standards. Their revenue-generating powers enable councils to take swift enforcement action … [Read more...]

Making the Most of Build to Rent: Executive Summary

‘Build to Rent’ housing designed and managed specifically for private renters is on the rise in London – there were four times as many private rented sector (PRS) schemes in development at the end of 2016 than in the previous seven years.[ref]Molior (2016) Q3 PRS Research (membership required to access)[/ref] In January 2017, Future of London … [Read more...]

Roundtable: Engaging private tenant communities

  Engaging private tenant communities – a new remit for the public sector? With local authorities having more powers than ever to improve their private rented sectors, it is in their interests to improve dialogue with private tenants. But it isn’t always easy – they are a disparate group, and there isn’t a one-size-fits-all solution. The … [Read more...]

Making the Most of Build to Rent in London – report launch

London is more reliant than ever on its private rented sector (PRS), including over 250,000 households with children.[i] Both public and private sectors are recognising the potential of new-build PRS development – often dubbed ‘Build to Rent’ – as an alternative to the existing PRS and its challenges. This sub-sector of the PRS is undoubtedly … [Read more...]

London boroughs vital for Build to Rent

‘Build to Rent’ housing designed and managed specifically for private renters is on the rise in London – there were four times as many private rented sector (PRS) schemes in development at the end of 2016 than in the previous seven years.[1] The new wave of institutionally-funded products focus on functional design, bespoke management, community … [Read more...]

Build to Rent: Design & Liveability

There are currently 33,411 Build to Rent units completed, under construction, or with planning permission in London (BPF 2016). Development activity is boosted by overseas providers such as the US ‘multi-family’ giant Greystar, who just submitted an application to develop 1,439 purpose-built homes for private rent on the former GlaxoSmithKline … [Read more...]

Making the Most of Build to Rent: Vantage Point visit

Speaking at the RESI conference last month, Theresa May’s new housing minister Gavin Barwell indicated a policy shift away from owner-occupation and Cameron’s “starter homes” initiative, and towards an increased focus on the private rented sector (PRS) to get more homes built. Essential Living is a UK company developing, designing and operating … [Read more...]

Making the Most of Build to Rent: LB Barking & Dagenham

Growing interest in London’s Private Rented Sector (PRS) from pension funds and other institutional investors is enabling the delivery of high-quality, purpose-built market-rented homes managed by single operators. A recent survey of institutional investors by Knight Frank indicated that by 2020, they would commit a total of £50bn to Build to Rent … [Read more...]