What is Build to Rent? 

Build to Rent (BTR) is a relatively new market to the UK and supplies newly built homes specifically for rent, rather than for sale. BTR is fast becoming an established sector in the UK housing market to meet a demand for high-quality, well-managed private rental housing.  There is also a growing mid-market rental sector that is supplying a greater variety of quality affordable rental choices for households in Scotland.

Build to Rent’s approach is to provide high quality rental homes and well managed neighbourhoods. This means that Build to Rent not only builds houses, but communities as well.

The Build to Rent model provides an enhanced experience for tenants including:

  • Good quality homes aimed at general or targeted demographics, with secure tenancies and predictable rents. BTR housing is mainly found in larger towns and cities, and often situated near good public transport interchanges.

  • Integrated, scheme-wide property management. Most developments will have staff on-site and they will be operating 24/7 to provide security and support.

  • Services – Build to Rent providers innovate in service delivery. Many are offering superfast broadband, helpful concierges, storage lockers and bike parking, and additional services such as car hire, dry cleaning, childcare, etc.

Build to Rent anchors on a thriving location with good local amenities and access to jobs, services and infrastructure. For investors, the surrounding neighbourhood is linked to investment gains whilst for providers it is linked to maintaining occupancy. This includes prioritising the provision of trees and green spaces, walking and cycling infrastructure, a strong local economy with diverse retail offerings and access to transport links.

The Build to Rent in Scotland

BTR is at a very early stage in Scotland but it is a growing form of development, investment, and choice of home. This link kindly supplied by Scarlett land and Development provides an up-to-date idea of where BTR is happening in Scotland. 

Scarlett Land and Development BTR Map

The BTR market is more developed across the wider UK and, by way of comparison, we provide some highlights below:

  • There are now 152,071 Build to Rent homes in the UK, including both London and the regions, of which 40,181 are complete, 35,415 under construction and 75,475 in planning

  • In London, there are a total of 76,408 units

  • Outside London, there are 75,663 units

Click on the places plotted on the map to find out more about each development, including the developer and the number of units. This research is produced by Savills for the BPF and draws on data from Molior.