The build-to-rent sector has seen a surge in demand in recent years, as more people look for affordable and flexible rental options. However, this increased demand has come at a cost, with reports of declining standards in the sector.
Build-to-rent properties are designed and built specifically for rental purposes, and are typically managed by a single company. This type of housing is becoming increasingly popular, as it offers tenants greater flexibility and lower costs than traditional renting. However, as demand for these properties has grown, so too have reports of declining standards.
In some cases, build-to-rent properties are being built with lower quality materials than traditional rental properties, leading to issues such as damp and mould. In addition, tenants have reported that repairs and maintenance are not being carried out in a timely manner. This can lead to further problems such as health and safety issues, as well as a lack of privacy.
The rise in demand for build-to-rent properties has also led to an increase in rent prices. In some cases, tenants have reported that their rent has increased significantly since they moved into the property. This can be particularly difficult for those on low incomes or those who are already struggling financially.
It is important that the build-to-rent sector is properly regulated to ensure that standards remain high and tenants are protected from exploitation. The government should ensure that landlords are held accountable for any breaches of the law and that tenants are given clear information about their rights and responsibilities.
Overall, the build-to-rent sector is an important part of the rental market, but it is essential that standards do not decline as demand increases. It is up to the government to ensure that tenants are protected and that landlords are held accountable for any breaches of the law.