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Build-to-Rent and the financialization of rental housing: future research directions

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  • Megan Nethercote

Abstract

With the expansion of institutional investors into urban rental markets, many cities have witnessed a rise in Build-to-Rent (BtR). This article reviews the financialization of rental housing literature and identifies opportunities for urban housing scholars to progress understandings of BtR through future empirical and theoretical efforts. In particular, it proposes a broadening of the housing research agenda around three analytical entry points. These entry points relate to relatively understudied structural transformations of our urban housing systems implicated in the rise of BtR, namely: (1) the diversification of build-to-sell development models; (2) the evolution of the private rental sector; and (3) labour market–housing market realignments. Comparative inquiry promises to enrich understandings of BtR by revealing how city rental accommodation and tenancies are recalibrated by the investment imperatives of institutional investors and BtR asset shareholders, and with what benefits and at what costs to whom. Such contributions will also provide rich data to progress conceptual efforts to locate BtR within broader processes of housing financialization.

Suggested Citation

  • Megan Nethercote, 2020. "Build-to-Rent and the financialization of rental housing: future research directions," Housing Studies, Taylor & Francis Journals, vol. 35(5), pages 839-874, May.
    • Handle: RePEc:taf:chosxx:v:35:y:2020:i:5:p:839-874
    DOI: 10.1080/02673037.2019.1636938
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    Citations

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    Cited by:

    1. Chen, Jie & Wu, Fulong & Lu, Tingting, 2022. "The financialization of rental housing in China: A case study of the asset-light financing model of long-term apartment rental," Land Use Policy, Elsevier, vol. 112(C).
    2. Nhlabathi Mthobisi & Mgiba Freddy Marilahimbilu & Ligaraba Neo, 2022. "Social Media Marketing Attributes, Sandton’s Rental Market Brand Image, and the Millennials’ Rental Preference: An Empirical Study," Real Estate Management and Valuation, Sciendo, vol. 30(1), pages 34-52, March.
    3. Mădălina Mezaroş & Antoine Paccoud, 2024. "Accelerating housing inequality: property investors and the changing structure of property ownership in Luxembourg," International Journal of Housing Policy, Taylor & Francis Journals, vol. 24(1), pages 23-43, January.
    4. Cheng Liu & Yu Deng & Weixuan Song & Qiyan Wu & Jian Gong, 2021. "Differentiation under capitalism: Genesis and consequences of the rent gap," Environment and Planning A, , vol. 53(7), pages 1770-1788, October.
    5. Frances Brill, 2022. "Governing investors and developers: Analysing the role of risk allocation in urban development," Urban Studies, Urban Studies Journal Limited, vol. 59(7), pages 1499-1517, May.
    6. White, Tim, 2024. "Beds for rent," LSE Research Online Documents on Economics 120046, London School of Economics and Political Science, LSE Library.
    7. S. G. Sternik & N. B. Safronova, 2021. "Financialization of Real Estate Markets as a Macroeconomic Trend of the Digital Economy," Studies on Russian Economic Development, Springer, vol. 32(6), pages 676-682, November.
    8. Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023. "State de-financialisation through incorporating local government bonds in the budgetary process in China," Journal of Economic Geography, Oxford University Press, vol. 23(5), pages 1169-1190.
    9. Easthope, Hazel & Palmer, Jasmine & Sharam, Andrea & Nethercote, Megan & Pignatta, Gloria & Crommelin, Laura, 2023. "Delivering sustainable apartment housing: New build and retrofit," SocArXiv z6yn4, Center for Open Science.
    10. Richard Goulding & Adam Leaver & Jonathan Silver, 2023. "From homes to assets: Transcalar territorial networks and the financialization of build to rent in Greater Manchester," Environment and Planning A, , vol. 55(4), pages 828-849, June.
    11. Katherine Brookfield & Charlotte Dimond & Susannah G. Williams, 2022. "Sustainability Messages in Residential Property Advertising," Sustainability, MDPI, vol. 15(1), pages 1-14, December.

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