Mind the Viability Gap: Achieving More Large-Scale, Build-to-Rent Housing

A briefing paper, published in September 2015, explaining how the build-to-rent sector could provide an accelerated path to meeting the UK’s housing demands. A comparative analysis of the build-to-rent and build-to-sell sectors identifies the barriers to market, such as the build-to-rent sector’s lower annual rate of return that falls short of investors' requirements. Solutions are suggested, including consideration of affordable housing allocations, planning conditions, covenants and vendor land receipt levels. Appendices provide an illustrative development appraisal, together with a policy overview.

Mind the Viability Gap: Achieving More Large-Scale, Build-to-Rent Housing

 

WORKING GROUP


Robin Goodchild - LaSalle Investment Management
Stafford Lancaster - Delancey Real Estate Asset Management
Dominic Martin - Westrock
Jean-Marc Vandevivere - The British Land Company
Sue Forster - Investment Property Forum

(Organisations correct at time of paper publication)