There is no doubt that the build to rent sector will boom in the coming years, despite any recessionary headwinds. This is because there are a number of factors which continue to make build to rent an attractive proposition for both investors and tenants alike. In this article, we take a look at why build to rent will boom in a recessionary environment.
Firstly, build to rent developments are built with the specific needs of renters in mind. This means that they often include a number of amenities and features which appeal to tenants, such as concierge services, on-site gyms and communal areas. These amenities make build to rent developments highly attractive to tenants, particularly in a recessionary environment where people are looking for ways to cut costs.
Secondly, build to rent developments tend to be located in prime locations which offer tenants easy access to transport, amenities and employment opportunities. This is another key reason why build to rent will continue to boom in a recessionary environment, as people will still need somewhere to live and they will want to live in a prime location.
Thirdly, build to rent developments are built with long-term occupancy in mind. This means that they are designed and constructed to a high standard, using quality materials which will stand the test of time. This makes them highly attractive to tenants who are looking for somewhere to live for the long term, even in a recessionary environment.
fourthly, the high demand for rental properties continue due to the many benefits it offers. build to rent developments are usually located in city centres or other highly sought-after areas, meaning that tenants can enjoy all the benefits that come with living in a prime location. they are also built to high standards, using quality materials which make them durable and long-lasting. Lastly, build to rent properties offer a number of amenities and features which appeal to tenants, such as concierge services, on-site gyms and communal areas. These factors all contribute to the high demand for build to rent properties, even in a recessionary environment.
So there you have it – four key reasons why build to rent will continue to boom in a recessionary environment. Contact us to get started.