In 2017, 37,000 homes were built as rentals, according to the National Association of Home Builders. That grew to 43,000 last year, or just under 5% of total single-family housing starts. But that is just homes built and held by builders for rent and doesn't include those sold directly to investors, so the numbers are likely larger and growing more quickly.
Foreclosures, however, are now few and far between. Distressed properties — foreclosures and short sales ) — make up just 2% of home sales today, down from a high of 49% in March 2009, according to the National Association of Realtors. The regular existing home market is very pricey, so investors are now turning to a new strategy: Buy new. And suddenly, the so-called build-to-rent market is exploding.
"I think that these funds, these investor groups are looking at a cultural move away from your garden apartment with elevators, swimming pools, tennis courts and common areas," Ellenburg said. "Homeownership is looking less desirable to some, particularly in the affordable arena, and they have a chance, for very close to the same price, to rent a three-bedroom, two-bath or a four-bedroom, three-bath home and are able to call it their own."
Description : 3 bhk flat available for rent in hadapsar, pune. It is located in panchshil one north, which is a very good society... read more. The space is fully furnished, located on 7th floor of 20 floors. It has 3 bedrooms, 3 bathrooms and 1 balcony(S). It is an ideal accommodation for all and has a super built-Up area of 3000. 0 sq. Ft. It includes 3 wardrobe(S), 3 bed(S), 1 modular kitchen, 1 fridge(S), 4 ac(S), 3 geyser(S), 1 tv(S), 1 sofa(S), 1 dining table(S), 6 fan(S), 20 light(S), 1 stove(S), 1 washing machine(S), 1 water purifier(S), 1 dining table(S), 1 curtain(S), 1 chimney(S) and 1 exhaust fan(S). It is a 1-5 years. There is 2 covered parking. Available for a monthly rent of rs. 85000. - view less
Description : 3 bhk apartment for rent in wagholi, pune. It is an unfurnished apartment, located on the 9th floor of 13 floors. T... read morehe apartment has 3 bedrooms 3 bathrooms 1 balcony(s). It has vitrified flooring. It is immediately available for all for rs. 17600 monthly. The rent is negotiable. It is a 0-1 year old property and also has 1 covered parking. It has a super built-Up area of 1499 sq. Ft. It has intercom facility, lift(s), park, maintenance staff, visitor parking, water storage and security/fire alarm. Other features include club house/community center, fitness centre/gym, swimming pool and security personne etc. There is also a provision for rain water harvesting. Tenant needs to pay 2 months rent as the security deposit. No power cut. - view less
Due to the high price of real estate in Sri Lanka, rental properties are a more convenient alternative for many. Expats find a house for rent in Sri Lanka a cheaper option compared to houses for sale in Sri Lanka due to tax reasons. Vacation rentals are on a short term basis and ideal for tourists. But those who move to the country for the long term can find fully furnished houses with a range of facilities in highly residential areas. Air conditioned bed rooms are important, especially due to the tropical weather and hot summer days. Rent in Sri Lanka varies based on the location. In the city centre the average price of a single story, 1 bedroom house for rent is likely to be Rs. 40-60,000 while outside the city centre the rent is much lower between Rs. 15-25,000. A 2 to 3 bedrooms’ house is ideal for an average family with dining and living rooms, house located close to local amenities. The surrounding facilities also affect the house rent.
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