Private rented sector
The Private Rented Sector (PRS) is an umbrella term used to describe a wide range of property investments including:-
- the portfolios of private landlords who own one or two properties or a wider portfolio of assets which are spread out geographically;
- student accommodation and affordable housing providers (which are both distinct asset classes in their own right); and
- institutional investors who have invested in purpose built private rented residential stock. This latter class is known as the Build to Rent (BTR) Sector where properties have been developed for the specific purpose of residential letting.