WHO RENTS A HOME IN A BTR COMMUNITY?
- Built-to-rent.com
- Apr 24, 2024
- 2 min read
WHO RENTS A HOME IN A BTR COMMUNITY?
In the UK, the Build to Rent (BTR) community typically caters to a diverse group of renters who value the unique blend of lifestyle, convenience, and community that these developments offer. The BTR sector is designed to enhance the tenant experience through thoughtful design, sustainability, and management. It aims to create a sense of community among residents, offering various amenities and communal spaces such as gyms, work-from-home spaces, event rooms, and gardens. These features are intended to make life easier and more enjoyable for tenants, fostering a strong sense of belonging and engagement within the community (UK Build to Rent -).
The BtR market has seen rapid growth, with a significant increase in the number of properties completed and coming to market. This growth reflects the sector's resilience and appeal, even in the face of economic cycles and challenges such as the global pandemic. The sector's focus on creating high-quality housing solutions that cater to all budgets indicates its commitment to addressing the diverse needs of the UK's renting population (UK Build to Rent -).
Furthermore, the importance of community, amenities, and workspace has grown for the 4.5 million households in the private rented sector, especially in the wake of COVID-19. The shift towards professionally managed, purpose-built assets in central locations, which are accessible to a wide range of budgets, underscores the BtR sector's role in increasing housing supply and providing modern, high-quality housing solutions (JLL).
Overall, the BTR community in the UK is composed of individuals and households seeking modern, convenient, and community-focused living spaces that offer a blend of privacy and social interaction, with the flexibility and amenities that cater to today's lifestyle demands.
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