PRSim, a leading provider of services to the Private Rented and Build to Rent sector and part of the LSL Property Services plc group of companies, is reporting a change of focus for some large institutional investors in line with demand for more traditional family homes. Whilst there continues to be interest in the development of large apartment blocks, which provide an array of amenities to tenants, it seems that more traditional new build housing stock, outside of the larger conurbations, are also of increasing interest to investors.
As reported in the PRSim 2018 Tenant Survey (www.prsim.co.uk/tenant-survey), tenants appear to be looking for flexible long term tenancies for their families, particularly terms of over 3 years, and the acceptance of pets and alternative deposit options as part of their tenancy. In line with this institutional investors are seeing quality family homes as an alternative investment opportunity and seeking support in finding them.
PRSim (www.prsim.co.uk) and LSL Land & New Homes (www.lsllandandnewhomes.co.uk) are well placed to support Investors looking to enter this market; assisting them with acquiring both stock and land for purchase or development. The Land & New Homes national team have been working closely with a number of large developers to offer new home portfolios to investors. PRSim are then able to support the acquisition with market analysis via its data and consultancy service. Acquired portfolios are brought to the market with the support of LSL network of Estate Agents and new tenants are then able to utilise PRSim’s tenant portal to progress their application quickly and easily, allowing tenants to move in quickly and void periods to be kept to a minimum. As part of the wider LSL Group, there are a vast array of integrated solutions including surveying/ valuation services to cutting edge technology advancements.