In the year between Q4 2017, and Q4 2018, there was a 39% rise in the number of build-to-rent homes currently under construction in the UK.
This is equivalent to 43,374 build-to-rent homes, compared to 31,250 at the end of 2017, per research commission by the British Property Federation (BPF) to Savills.
A 29% rise (22,762 to 29,416) in the number of homes completed was seen in the period between Q4 in 2017 and Q4 in 2018. A 10% rise (66,718 to 60,794) in the number of build-to-rent homes in planning was seen between the same period.
With the aim of giving housing associations the ‘long-term certainty’ they need to have a ‘central role’ in assisting with the housing crisis, Theresa May has announced that there will be £2 billion in funding.
May vowed at the National Housing Federation Summit to work alongside housing associations to get more people on the housing ladder, and to ensure those who can’t afford to own have somewhere they can call home.
There have already been numerous measures to support housing associations announced by the government. This includes not extending the local housing cap to the social sector.
The Government has begun consulting on a raft of proposed changes to the National Planning Policy Framework (NPPF). It is seeking views on proposed changes in relation to affordable housing, density, new settlements and starter homes.
These changes will involve the following areas:
Broadening the definition of affordable housing
Increasing the density of development around commuter hubs
Supporting sustainable new settlements and helping development on brownfield land and small sites
Helping the delivery of housing allocated in plans
Promoting and aiding the delivery of starter homes.