The buy-to-let business has already been shaken to its foundations by punitive tax changes and now it faces more painful disruption from burgeoning build-to-rent schemes.
These purpose-built rental blocks, with concierges, rooftop bars and gyms, are being delivered by North American and British developers, with finance from institutions such as Legal & General and M&G.
The build-to-rent sector has grown fivefold since 2013, according to a study published yesterday by the British Property Federation and Savills, the estate agency.
