In a housing market where rent is becoming increasingly important, a new favorite has emerged: the build to rent phenomenon. As its name suggests, it is based on building homes to be used solely for rent. The trend was born in the UK, and is currently attracting the interest of many investors for projects in Spain.
The coronavirus crisis has definitively launched the build to rent model in Spain, since it has confirmed the change in trend that the Spanish population has been experiencing since the economic crisis of 2008, gradually increasing the weight of rent compared to the purchase of living place. Currently, more than 95% of the supply of rental housing is in the hands of individuals who provide little added value to the management, with a fragmented housing supply and with minimal maintenance.
The professionalization of the sector with the incorporation of new investors such as funds and Socimis is changing this configuration, designing sustainable residential buildings, with additional services and facilitating their control through digitization, making it possible to optimize costs.
The homes they design are generally small, comfortable and with many services and common spaces, such as work spaces, community terraces, and gyms. In addition, they can have concierge and cleaning services.
The build to rent is clearly committed to the sustainability and well-being of the people in the homes it builds. Thus, Ineria Management is advising several BTR developments of the developer Vía Célere, to certify them with the BREEAM ES Vivienda sustainability scheme. It also collaborates with Home Capital in the development of three projects in Madrid, which will have the LEED sustainability certification and the WELL Building Standard health and wellness certification. These certifications, in addition to adding value to the tenant, in the form of better standards of efficiency and well-being, also add value to the owner, increasing the value of the property.
BREEAM® (Building Research Establishment Environmental Assessment Methodology) is a leading building sustainability assessment and certification method with more than 20 years in the market and more than 575,000 certified buildings in 85 countries. It favors a more sustainable construction that translates into greater profitability for those who build, operate and / or maintain the building; reducing its impact on the environment; and greater comfort and health for those who live, work or use the building.
LEED® (Leadership in energy efficiency and sustainable design) is an international system of sustainability and high efficiency in buildings with high recognition and implementation. Developed by the US Green Building Council (USGBC), it is characterized by providing an evaluation of the sustainability of the building according to 6 main categories: Location and transportation, sustainable location, efficient use of water, energy and atmosphere, use of materials and resources and quality of the interior environment, adding to these the categories of innovation and regional priority.
WELL® Building Standard is a performance-based system to measure and certify the characteristics of the built environment that impact human health and well-being, through air, water, food, light, movement, comfort. thermal, sound, materials, mind and community. It unites best practices in design and construction with evidence-based scientific and medical research (the built environment is harnessed as a vehicle to support human health and well-being).