Sheffield and Leeds are hotspots for build-to-rent developers planning cradle-to-grave homes
The number of build-to-rent apartment schemes is burgeoning and the boom looks set to continue as developers and big-name investors look set to expand the concept to the suburbs where they will construct family-size properties and flats for the over 55s.
Recent figures from the British Property Federation show that the number of purpose-built, amenity-rich rental developments has soared by 50 per cent in the regions, with Leeds and Sheffield emerging as key hotspots.
Andy Pointon, partner and investment specialist at Allsop Leeds, says: “The Yorkshire region is a hotspot for developers as the demographics of the major cities support a strong rental demand.”Allsop research shows that Leeds has approximately 5,600 build-to-rent homes either completed, in construction or in planning. Sheffield has 2,700 and York 650 …