Build to rent sector funded for growth
Key players in the Scottish property sector will meet in Edinburgh this week to find out how best to increase the number of ‘build-to-rent’ housing developments in Scotland
The one day forum will bring together public and private sector organisations as well as key stakeholders to discuss a range of issues such as the planning and policy changes required to make ‘build-to-rent’ happen, how the public and private sectors can work together for mutual gain and what funding models are needed to deliver the required results.
Margaret Burgess (pictured), minister for Housing and Welfare, will open the forum and give a keynote address, as will Gerry More, Homes for Scotland PRS Champion.
Mr More points out that while the build-to-rent/private rented sector (PRS) in itself is not new, what is different is the way these developments are now funded.
He will say: “The model currently being used successfully in Europe and North America involves funding by long-term, patient institutional investors. However, while the amount of institutions holding residential properties for rent is quite high in other countries – over 10% in North America and up over a third in some European countries – it is less than one per cent in Scotland and the UK.”