PHOTO:SIMON O’CONNOR/STUFF Under build-to-rent, rent reviews were typically made against the Consumer Price Index and only at the end of a three-year tenancy would it be reviewed against market prices.

Investors and property developers are calling for Government and councils to back build-to-rent schemes to help address the housing crisis.

Build- to-rent is a new sector in housing investment that builds accommodation for the rental market. Unlike traditional renting, it typically provides more security for tenants because it doesn’t work on the capital growth model. Instead it provides longer-term tenancies with less uncertainty for tenants.

Build-to-rent schemes in the United Kingdom have proliferated since their advent as an asset class in 2013.

JLL head of research and consultancy, Paul Winstanley was an “active participant” in the sector as it emerged in the UK, and said this form of housing investment changes the relationship between tenant and landlord to one much more akin to customer and service provider.


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