The new format for the market rent of residential property is being introduced in the UK

Real estate for rent in American style take root and now the UK. The first objects in this style will be launched at the end of this year and they are expected to be completed within the next 18 months.

American so-called style of “Build to Rent” or “multifamily” building concept, in which the property is managed by a professional company and this company provides all services functioning.

This is good news for the UK property market, as this will help, firstly, solving the problem of affordable housing, and secondly, to improve standards in the real estate market and the housing market in the best quality . Will benefit all members of the British rental market, and investors and tenants. Representatives of the “British real Estate Association” commented on the news . In the course of the project, part of the commercial is converted to residential and given to management professionals. In the first phase of the project invested £9 million 9000 residents soon will be able to move into their new apartment.

This format is for the rental market until a new for the European continent, where the rental market is fully private and the rate of supply of housing for rent is far behind the demand from tenants. The new format, except the UK, will be introduced also in France and Spain. Given the rapidly expanding sector of rental housing in the UK and especially in London, the new format should be of great interest to investors.

Investments in “Multifamily” the rental industry in America is very popular form of investment. Like them, private investors, pension funds, and they bring one of the best income. In Germany and the Netherlands “Multicamera” the scheme has already been tested and is growing rapidly. In Germany in the first quarter of 2015 in the sector “multitenancy rent” has invested €340 million In the Netherlands – a record €710 million.

The sector continues to grow and gain momentum in Sweden.

® Helen Entree. 30.10. 2015.

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