Build To Rent Sector Gets Rent Control Pass
- Sarah Ruivivar
- 5 days ago
- 2 min read
Scotland's Build To Rent (BTR) sector just got a golden ticket—it's officially exempt from rent controls.
Thanks to secondary legislation under the Housing (Scotland) Act, BTR is set to soar, offering a breath of fresh air to the housing market.
The Scottish Property Federation is buzzing with excitement, calling this move "vital" for delivering top-notch, professionally managed rentals. It's like giving the green light to a housing revolution, tackling Scotland's housing emergency head-on. With BTR and Mid-Market Rent leading the charge, we're talking more homes, better standards, and stability for renters. It's a win-win!
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Mark your calendars, because these regulations are set to kick in on April 1—no fooling! David Melhuish, the director of the Scottish Property Federation, is optimistic, seeing this as a launchpad for major investment. With the right backing, BTR could be the superhero Scotland's housing market needs, delivering homes at lightning speed.
But here's the twist: the regulations need parliamentary thumbs-up first. Melhuish is rallying the troops, urging all parties to see the light and support this game-changing opportunity. It's all about creating a positive investment climate, especially with the May elections looming.
So, as Scotland gears up for this housing shake-up, property professionals and investors alike should keep their eyes peeled. The BTR sector is ready to rock, and it's bringing a whole new groove to the rental market. Let's get building!
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