The Savills research report for the Scottish Futures Trust examines the potential of private rented sector (PRS) homes in Scotland's suburban areas. The report finds that suburban homes built to rent offer high-quality, modern homes in popular, well-connected locations, and could help accelerate the supply of new homes, reducing pressure on the housing market and improving choice and security for renters. The report estimates that 15% of households in Scotland live in the private rented sector, with a strong suburban rental market established. However, accessing home ownership has become increasingly challenging due to increased demand and limited development of new homes. As a result, more people are renting for longer, often indefinitely, with the need for deposits and mortgage limitations constraining access to owner occupation. The report suggests that suburban PRS homes could help address this issue and provide a more affordable and secure housing option for families in Scotland.
