Our CEO, Mike Bristow, shares his thoughts alongside other industry experts in this PlaceTech article on the evolution of residential development, the increasing UK housing shortage and the ever-changing needs of consumers. Issues that have been at the heart of CrowdProperty since our inception.
The ways in which people are choosing to live are constantly changing. Alongside the housing supply shortage and increasing pressure from conscious consumers, residential developers are having to turn to new methods of construction and technologies to prevent being left behind.
PlaceTech spoke to:
- Jitin Mitra, independent management consultant and property developer
- Michael Bristow, CEO of CrowdProperty, peer-to-peer lender for development finance
- Rosanna Lawn, acquisition and development manager at YOO Living, residential design company
- James Sidlow, senior development manager at Renaker Build, developer and contractor
What are the new skills that residential developers will have to learn?
CrowdProperty: It’s not good enough anymore to build some flats or houses and just sell them onto the market. Developers are having to think harder about the end customer. Many resi developers are building to hold and building out property management capabilities, which is good if they do that efficiently and at scale. If they’re exiting, then what’s the right exit market? Is it flats, houses, serviced accommodation, coliving, affordable? The developer is having to think harder about what their customers want, how they begin to build that into the design as early as possible, and the processes to do it. What can modular construction bring in terms of speed of development and de-risking? It’s not the silver bullet, but it’s something that developers need to be adopting and learning from.