The UK's build-to-rent boom has led to an increase in boutique accommodation that includes communal living spaces, gyms, pools and car-sharing facilities, according to a report by estate agent Knight Frank. It revealed more than half the 60,000 buy-to-rent properties in the pipeline are in London, with demand in the capital expected to reach two million people. In addition, the study found halfmore than half of renters in the capital are spending at least 40% of their income on rent. The build-to-rent sector is worth about £25bn, a figure that is expected to rise to £70bn over the next five years.
The UK's build-to-rent boom has led to an increase in boutique accommodation that includes communal living spaces, gyms, pools and car-sharing facilities, according to a report by estate agent Knight Frank. It revealed half the 60,000 buy-to-rent properties in the pipeline are in London, with demand in the capital expected to reach two million people. In addition, the study found more than half of renters in the capital are spending at least 40% of their income on rent. The build-to-rent sector is worth about £25bn, a figure that is expected to rise to £70bn over the next five years.