There's also a move to a more mid-market approach. We've had a lot of high-end apartments, with BTR developers focusing on the luxury market. But as BTR moves into regional cities, there's an increasing acceptance that it can work in areas where rents are lower and that mid-market products will work as well as the luxury end.
While BTR may be new to the UK, it's making its mark. As the years go by and renting rather than owning becomes a more viable option for thousands of people, the sector will mature and more opportunities for retail investors to share in its success will appear.
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