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June 11, 2019

Can BTR Continue Its Record-Breaking Run?
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The build-to-rent sector is on a roll. The first quarter of this year saw a record £1B invested in the sector, according to CBRE, and a 34% increase in the number of units completed, according to Savills.

At times like this it can be easy to become complacent. Hence the opening question at Bisnow’s Build To Rent Annual Conference last week, posed by Pinsent Masons partner Natalie Harris on a panel examining the next wave of BTR investments: Can this growth continue?

There is much to be wary of. Many of the sites where BTR developers can see off competition from alternative uses actually make bad BTR locations. And some markets are starting to see oversupply.

Can BTR Continue Its Record-Breaking Run?

But on the whole, the sector looks set for continued growth. International investors are still desperate to enter the UK. Domestic capital is also active. And the struggles in other sectors like retail are providing a previously untapped source of potential sites. One of those hungry international firms is EcoWorld…

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Meet The Woman Who Used A Racist Remark As A Spur To Create Her Own Property Network
 

Priya Shah was in a meeting with a client of the real estate communications agency she worked for, making small talk, chatting about holiday plans. She mentioned she planned to go backpacking around South Africa and Zimbabwe.

“But you’re a bit of an Indian princess,” the client replied with surprise.

The comment took her aback, and made her feel undermined and typecast. It raised eyebrows in the room, but no one said anything.

“Because it was a client, I found it difficult to say anything, and didn’t want to be seen as creating a problem,” she said.

As Bisnow’s recent survey of black, Asian and minority ethnic real estate professionals showed, racism and discrimination in the sector are common. But Shah is trying to make sure that BAME professionals in the property sector have as much assistance as possible in their careers, that conversations about diversity squarely address ethnicity, and that the kind of remark she received doesn't get made anymore.

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A Bisnow survey has found that commute time is the most important factor for people choosing where to rent, concierges or duty managers are the most important amenity, and build to rent is expected to outperform other sectors of UK property.Bisnow surveyed its UK readership on questions related to how they expect…

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