THE BUILD-TO-RENT SECTOR NOW ACCOUNTS FOR 1% OF ALL UK RENTAL PROPERTIES - HAVING SURGED BY 135% ACCORDING TO THE LATEST RESEARCH
Source: BTR News
The Build-to-Rent sector has gained momentum in recent years. Previous research by Ascend Properties found that there are now 2.4m more of us living within the rental sector when compared to a decade ago – revealing that renting is in more demand than ever.
The research shows that just four years ago, there were 22,831 Build-to-Rent properties in the UK rental market – which accounts for 0.4% of private rental stock. In London, the level of stock was greater, with 12,709 BTR properties accounting for 1.2% of the total market.
In the past three years the sector has grown considerably. Across the UK, Build-to-Rent now accounts for 53,750 homes within the private rental sector. That’s a 135% increase in stock since 2017, with the sector now accounting for an estimated 1% of all UK rental properties in the private sector. This might not sound like a big increase, but the private rental sector itself has grown by only 0.3% since 2017 where the total estimated number of homes is concerned.
Again, the impact of the Build-to-Rent sector is even more notable in London. The sheer volume of stock in the capital has increased by 109% since 2017, with the current total of 26,625 accounting for 2.5% of all private rental properties in London.
While the London rental market has grown at a considerably faster rate than the wider UK, it has still seen just a 4% estimated increase in total private rental stock since 2017, further highlighting the impressive growth of the Build-to-Rent sector within this space.
Image Credit: Photo by Pauline Loroy
“Although Build to Rent has been around for quite some time, it’s only in recent years that the sector has started to become a serious area of focus for many big housebuilders.
“This growing trend is clear when analysing the overall rental market and the increasing number of Build-to-Rent properties within it, with the sector now accounting for an estimated 1% of all private rental properties.
“However, this impressive growth is just the tip of the iceberg and we expect to see the share of rental homes accounted for by Build-to-Rent continue to grow.”
– Ged McPartlin, Managing Director, Ascend Properties
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