Scotland embraces build-to-rent

first_imgHome » News » Housing Market » Scotland embraces build-to-rent previous nextHousing MarketScotland embraces build-to-rentLatest figures show that Glasgow is the one of the most active locations for build-to-rent expansion.The Negotiator4th February 201901,049 Views A surge in build-to-rent led developments is set to boost city living, as part of the Scottish cities’ agenda to power economic growth.Glasgow is now in the top five cities outside London for the number of homes in planning, under construction and complete.Research by the British Property Federation (BPF) shows that the total number of Build-To-Rent homes (BTR) under construction has increased by nearly 40 per cent, with developments outside London being given the greenlight at a faster pace.In Scotland, a drive to boost city living is behind the development of large scale build to rent projects, particularly in Glasgow, Aberdeen and Dundee.According to Savills, Scotland has 3,745 BTR homes actively being developed, an increase of 11 per cent in six months, with Glasgow accounting for 2,180. Thousands more homes are in the planning pipeline.David MelhuishThere are now 139,508 build-to- rent homes complete, under construction and in planning across the UK – an increase of 22 per cent over the last year.David Melhuish, Director of the Scottish Property Federation said, “There is significant potential and investor appetite for BTR to add much needed supply to our housing stock.“Glasgow is clearly at the forefront of this building boom but there are also significant proposals in both Aberdeen and Dundee as well.”Glasgow BTR build-to-rent Scotland Scottish build-to-rent David Melhuish February 4, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more