Everybody agrees that the private rental sector needs to change. It is dominated by an army of unregulated buy-to-let investors, which means many renters risk ending up in badly maintained, draughty old houses without any security of tenure. There has been plenty of talk about large-scale, purpose-built private rental development but very little action, largely because it hasn't been economically worthwhile for institutional investors. To make the business model stack up, developers need to deliver apartments as cost-effectively as possible, which includes ensuring that schemes are as durable as possible, easy to maintain, and delivered on time and to budget.
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