Wednesday, 27 July 2016

Private Rented Sector In UK Seeing Rapid Growth

The private rented sector is continuing its rapid growth across the UK and is now well established as the second biggest form of tenure after home ownership, new research shows. It has overtaken the social rented sector and large scale investment into the private rented sector (PRS) by funds and other institutions is set to treble over the next five years boosting growth further, according to the new tenant survey carried out by YouGov on behalf of Knight Frank. It estimates that total investment will rise to £50 billion over the next five years and large scale investors are operating an average gross to net yield of 26% for new Build to Rent developments.  Read more on the Property Wire website.

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