There are currently more than 20 million home workers in the UK and this number continues to grow. People working from home are usually willing to increase their budget for quality accommodation. This is because it is their home and workplace. As a result, the demand for new-built accommodation is high. For residents, newly built apartments offer comfortable living, plenty of space, and top-quality facilities.

Buy-to-let investors looking for new opportunities are finding high yields in areas where home working has increased. For example, in the Northwest, Midlands and Yorkshire areas. This is where home working has increased by an average of 15% between 2019 and 2022, according to the National Office of Statistics. However, investors are trying to pinpoint exactly what people working from home are looking for.

Find out more about why the demand is high for new build property, here.

Cost of Living

High-End Appliances

As the cost of living has risen, Green Investing has increased in popularity. Taking advantage of newer appliances, technology, and heating options. This has huge benefits for both landlords and tenants. Lower utility bills are a bonus for tenants who are looking to save money. For landlords, maintenance and repairs should be inexpensive as often new appliances are under warranty and far more reliable.

Investing in a new-build property could work out as a cost-effective solution to this. This is because they are usually equipped with the latest appliances and technology, rather than the investor having to put thousands of pounds into bringing an older property up to date. Tenants who work from home could save hundreds on their utilities as a result, so are typically happy to pay rental prices higher than those found in the surrounding area.

Read more about the EPC regulation changes coming into effect as soon as 2025, here.

Increased Retention

Strong Communities

Community is hugely important to home workers, as they often would like to replace the face-to-face element they miss in their working life. Areas such as local parks and building communal courtyards make for fantastic community building. Strong communities are important as it allows residents to feel safer, more comfortable and attract high-quality new tenants.

Developing areas usually make huge investments in building community facilities. This is to improve the residents’ quality of life and bring more stability to the area, with a higher retention rate. Communities will often stick together, meaning once an area has built a strong community it makes it a far more difficult decision when deciding their next steps once a tenancy ends.