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London must 'Build to Rent' to meet needs of residents

Wednesday 13 September 2017

A new report released by London First has made the case for increased 'build to rent' development across London's boroughs.

London First has teamed up with London Councils, the membership organisation representing the 32 boroughs and City of London, to increase awareness of the capital's growing build to rent sector.

The report, which has been produced by the national planning consultancy Turley, highlights the potential for build to rent developments –i.e. purpose built, professionally-managed, new homes funded by long-term, secure investment –to play a significant role in housing London's growing population.

Aimed at London councillors and officers who will be responsible for key decisions on how the capital increases its housing supply, the report explains how build to rent can provide an additional source of high-quality supply, to complement that provided by mainstream housebuilders.

The report also stipulates that in turn, this will assist with housing the growing number of renters in the capital, some of whom choose to rent for lifestyle reasons, but many of whom are forced to rent because they cannot afford to buy and are not eligible for affordable housing.

READ THE REPORT