Our client Fizzy Living enjoyed a fantastic piece of coverage in Property Week, in the form of an insight piece by managing director Harry Downes.
In the article, Downes discusses institutional property investment in the UK residential market. Historically, institutional investors had often avoided residential in favour of prime office buildings, shopping centres and car parks. However, investment strategies saw a noticeable shift in the wake of the 2008 financial crisis, Downes states:
“One of the few good things to come out of the 2008 financial crisis has been the build-to-rent (BTR) sector. Various operators saw that the UK property market was changing as first-time buyers faced an unsustainable wall of debt in order to secure the deeds to their first home. It was time to introduce a new product to the UK market.”
When the UK went into lockdown in March 2020, many traditional property investments were suffered a severe financial blow. In contrast, BTR has shown a great deal of resilience amidst changing circumstances, with 21 BTR operators still being able to collect more than 80% of rent demanded, according to a recent BPF survey.
Read Harry Downes’ full article on Property Week here.