Build-to-Rent continues to make news as construction on new homes ramps up. From London to Manchester, an increasing number of developers invest in Build-to-Rent to offer renters a more dynamic renting solution.
Currently, there are more than 150,000 units either completed, in construction or given the green light. But where are they all located? We’re looking at the latest trends to bring you the Build-to-Rent hotspots around the UK, from London to Manchester and everywhere in between.
Canary Wharf went through somewhat of a residential revolution after the financial crash in 2008, and the Covid pandemic looks set to add further residentialisation to the E14 postcode. Build-to-Rent already features in Canary Wharf, with Vertus, Greystar, Fizzy Living and Grainger all providing snazzy Build-to-Rent communities in this sought-after East London neighbourhood. Expect that investment to continue over the next few years, as Canary Wharf becomes one of London’s primary Build-to-Rent hotspots and a super-prime postcode.
Quintain Living has essentially transformed Wembley into a Build-to-Rent hub with its stylish homes and social spaces. The northwest London neighbourhood is increasing in profile and stature, and developers are keeping a keen eye on the area as it goes from strength to strength. With excellent travel links, venues like Boxpark and the iconic Wembley Stadium, it’s easy to see why it’s such an in-demand neighbourhood.
Build-to-Rent is yet to hit its peak in Stratford, but an Olympic legacy and excellent travel links have transformed this East London neighbourhood. Aberdeen Standard Investments has already agreed to fund a set of Build-to-Rent homes in the area, and you can expect more to follow in the coming years.
The Build-to-Rent revolution is perhaps most evident in Stratford, with a plethora of new and stylish homes constructed over the years. Greystar has a presence in the area, as does Grainger. It’s easy to see why Salford is so in demand. MediaCityUK is a major professional hub in the area, while Salford Quays has been completely redeveloped to become a of business, shopping, entertainment, culinary delights and cultural hubs.
With so many vibrant neighbourhoods in Manchester city centre, it’s easy to see why there are so many Build-to-Rent developments. Manchester has undergone extensive regeneration, and areas like Ancoats, NOVA, Deansgate, Castlefield and Spinningfields have all benefited from stylish Build-to-Rent homes that are an extension of the communities they serve.
While London and Manchester are the primary Build-to-Rent hubs, Birmingham is ripe for investment and continues to grow its presence in the Build-to-Rent sector. It has the most private rented accordion outside of London. Therefore, it makes sense that this Midlands city is fast becoming a Build-to-Rent hotspot.
Liverpool doesn’t feature a Build-to-Rent presence quite like Manchester, but options are gradually improving in the city. The centre of Liverpool, in particular, is seeing lots of investment as more Build-to-Rent options come to the market. Within the next five years, Liverpool is expected to be a primary player in the Build-to-Rent world.
Build-to-Rent is fast becoming the de facto way for renters to rent a home. Right now, London and Manchester still make up the crux of homes, and the numbers are sure to increase in the coming years. But they’re not the only options in the UK, with cities like Birmingham and Liverpool providing even more Build-to-Rent options for renters looking for community living in the UK.