Build-for-rent schemes backed by large investors such as pension funds have taken another step closer with the Government officially endorsing the concept.
In its response to the Community and Local Government Committee’s report on financing of new housing supply, ministers say: “The Government shares the committee’s wish to encourage more institutional investment in private rented housing.”
The Government also says it will keep under consideration a recommendation to establish a national housing investment bank.
Sir Adrian Montague is due to report on financing new housing supply later this year.
Built-for-rent schemes, as currently suggested, would mean that homes would be built entirely for the private rental market, with legal agreements in place to prevent the properties being sold off for ten years.
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