Housing market, Housing, Social housing, Real estate, Business, Construction industry, Communities, Society, Private equity Business | The Guardian
Common Wealth thinktank says Labour should control profits made by ‘institutional investors’ One of the UK’s fastest growing property markets is dominated by corporate landlords focused on providing homes for couples and singles, excluding many families with children, according to a thinktank report.The build-to-rent (BTR) sector constructs one in five new homes – including almost 30% of new homes in London – the Common Wealth thinktank says. It is concerned that the Labour government is turning to a select group of private equity-backed developers for a quick fix to the housing crisis. In a report, Open for Business or Up for Sale, the thinktank says a boom in developments designated for renters is being backed by “profit-seeking institutional investors”, often based overseas. Common Wealth said its research showed that four of the top five operators were backed by private equity funds and several were based abroad. Continue reading…
Common Wealth thinktank says Labour should control profits made by ‘institutional investors’
One of the UK’s fastest growing property markets is dominated by corporate landlords focused on providing homes for couples and singles, excluding many families with children, according to a thinktank report.
The build-to-rent (BTR) sector constructs one in five new homes – including almost 30% of new homes in London – the Common Wealth thinktank says. It is concerned that the Labour government is turning to a select group of private equity-backed developers for a quick fix to the housing crisis. In a report, Open for Business or Up for Sale, the thinktank says a boom in developments designated for renters is being backed by “profit-seeking institutional investors”, often based overseas. Common Wealth said its research showed that four of the top five operators were backed by private equity funds and several were based abroad.
