Posts Tagged ‘Generation Connected’

Original article by Catherine Meredith, Bisnow London May 23, 2017

Knowing your tenants is still one of the biggest challenges to building successful private rented sector homes in the UK, attendees heard at Bisnow’s London PRS Growth & Expansion event Thursday. The market is so new — “pre-nascent,” Greystar managing director Bella Peacock called it — that developers are still grappling with the idea of space as an experience, the importance of getting the basics of property management right, and figuring out which stats and demographics matter.

The demand for high-quality build-to-rent housing clearly exists. In 2016, for the first time in the UK, there were more renters than owners — but only 10% of those renters were in purpose-built accommodation. About 13,000 purpose-built apartment units were built in the UK in the last year, and about 9,000 of those were in London.


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