Build-to-Rent remains a fast growing sector with thousands of developments currently under construction, and this trend looks set to continue in 2020 and beyond.
The number of Build to Rent homes completed, under construction or in planning in London alone has increased by 35% in the past five years, according to the latest research published by the British Property Federation (BPF).
Despite the recent increase in activity, the Build to Rent sector in the capital appears to offer plenty of room for growth.
According to the BPF, prime London’s multi-billion pound Build to Rent sector is forecast to rise by 30% per annum over the next five years.
Other parts of the UK are also seeing significant growth in the Build to Rent sector.
Santosh Gowda, chairman of the Strawberry Star Group, commented: “Build-to-Rent is emerging stronger each year, as the demand for professionally owned and managed new homes for rent increases with the recent strain on private landlords.
“The number of completed homes in the sector is up 40% from last year – a real spike as sites finally reach completion. And there are thousands more in the pipeline, with planning permissions for BTR at a 20% increase year-on-year.
“The units in planning represent the largest share of the sector and total more than those completed and under construction combined. At full maturity, it is estimated the BTR sector could grow to 1.7m units so there remains considerable scope for growth”