A rental “revolution” is starting to take place in UK with approximately £30bn of institutional investment specifically earmarked for the building of new homes for rent in the UK. This is unprecedented where the UK has held a traditional tendency towards owning rather than renting property. The increase in (and Government encouragement) of institutional investment is set to shake-up the rental sector potentially changing the landscape for landlords for many years to come.
Since 2012 private rental has been the second largest housing tenure in England behind owner occupation, and is now overtaking social housing. The market is no longer being classed as the “private” rental sector but as a “professional” rental sector, where bigger landlords are creating bigger schemes and driving supply.