Regardless of what happens with interest rates there is likely to be continued growth in the build to rent sector. According to Glenigan’s latest Construction Outlook forecast, 2016 saw £750 million worth of build to rent projects started, involving more than 5,500 units.
As more and more younger people queue to join the housing market, future demand is likely to remain strong. Some reports have suggested that UK tenants paid £51.6 billion in private sector rent in 2016 – double that paid in 2007.
PRSim, also part of the LSL Property Services Group, allows LSL Land & New Homes to offer an extensive range of dedicated PRS & Build to Rent services.
They provide PRS & Build to Rent developers and investors with a comprehensive service that spans from site identification through to operational management.
Services that PRSim include:
Site identification and acquisition
Supported by LSL Land & New Homes PRSim identify and evaluate on and off-market land and property opportunities.
Data and Consultancy
PRSim generate high-level viability reports that allow developers to gain as much insight into an area prior to making an investment as possible.
PRSim effectively and efficiently manage every aspect of your PRS or Build to Rent investment allowing you to focus on other matters.