The number of build-to-rent schemes in Britain has jumped sharply over the past year as investors, pensions and developers pour millions into the sector to benefit from adults renting for longer.
The number of purpose-built rental homes complete, under construction or in planning has increased by 30% in the past year.
Build-to-rent schemes are blocks of flats constructed solely for renting out and managed by one company. Many come with concierges, rooftop bars and gyms, while most are being bankrolled by large institutional investors, including pension and insurance funds such as M&G and Legal & General.
