An exciting new era is upon us, as more and more local authorities look to build new homes – specifically for the private rental market – as a way to secure long-term revenue growth.
While not a completely new offer to the market, the public sector demand for build-to-rent developments is rising as they offer a genuinely affordable solution for the modern tenant, all the while presenting a unique investment opportunity for councils. This offers an opportunity for local authorities to think a bit differently in the wake of yet more budget cuts and housing shortages; to take existing land and develop it in a more forward-thinking way in order to both maximise return on investment and offer an affordable housing solution to their residents.