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Build-to-rent (BTR) is a model of housing development where properties are built specifically for the rental market. They are not sold to owner-occupiers or individual buy-to-let landlords. The entire development is purpose-built only to rent out.

BTR developments are typically large-scale, with hundreds or even thousands of units. They are often located in urban areas, close to amenities and transportation. The units are typically well-appointed and modern, with features such as granite countertops, stainless steel appliances, and washer/dryers in unit.

BTR developments are professionally managed, with on-site staff to handle repairs and maintenance. They may also offer amenities such as a fitness center, pool, or community room.

BTR is a relatively new model of housing development, but it is growing in popularity. There are a number of reasons for this, including:

* The demand for rental housing is increasing, as more people choose to rent instead of buy.
* BTR developments offer a more consistent and predictable revenue stream for investors than traditional buy-to-let properties.
* BTR developers can control the quality of the development and the amenities offered, which can attract tenants and increase rents.

Here is how a BTR development works in practice:

1. A developer identifies a potential site for a BTR development.
2. The developer secures financing for the project.
3. The developer builds the development, which typically takes several years.
4. The developer leases the units to tenants.
5. The developer manages the development and collects rent payments from tenants.

BTR developments can be a good investment for investors who are looking for a long-term source of income. They can also be a good option for tenants who are looking for a high-quality, professionally managed rental property.

Here are some of the benefits of BTR for tenants:

* Longer lease terms: BTR developments typically offer longer lease terms than traditional rental properties, which can provide tenants with more stability.
* Amenities: BTR developments often offer amenities that are not typically found in traditional rental properties, such as fitness centers, pools, and community rooms.
* Professional management: BTR developments are professionally managed, which means that repairs and maintenance are handled quickly and efficiently.

Here are some of the benefits of BTR for investors:

* Predictable income: BTR developments offer a more predictable income stream than traditional buy-to-let properties, as the rents are typically fixed for a period of time.
* Long-term investment: BTR developments are typically designed to be a long-term investment, which means that investors can benefit from capital appreciation over time.
* Diversification: BTR can be a good way to diversify a real estate portfolio, as it is a different asset class than traditional buy-to-let properties.

Overall, BTR is a growing model of housing development that offers a number of benefits for both tenants and investors.

The UK is one of the leading markets for BTR in Europe. The UK's BTR stock now stands at 82,500 completed homes, with a further 49,500 homes under construction.

The BTR market in the UK is growing rapidly, as more and more investors and developers see the potential of this sector.