SINGLE FAMILY BUILD TO RENT (again)
Last year, we picked Single Family Build to Rent as one of our top picks. And in 2021 we saw significantly increased investment in this sector. But such is the scale of the opportunity, we believe it remains fundamentally undersupplied. Buy-to-let investors, who have been the primary source of this rental stock, face continued regulatory pressures. These include prospective costs of getting to a minimum EPC C rating and the (delayed) abolition of s21 ‘no fault evictions’, both matters which institutional investors are better placed to accommodate.