Build to Rent (BTR) reached another milestone at the end of Q1 2019 with over 30,000 homes now complete. This represents an increase of 34% on the same time last year.

The growth in completed units follows steady expansion in construction within the sector. The number of BTR units being built at any one time has increased by c. 7k – 8k each year since the start of 2015.

Schemes are increasingly coming through in a variety of places across the country with M&G, Longharbour and A2Dominion all completing schemes outside the capital in the past quarter.

The number of completed homes contributes to the growing scale of total BTR in the UK. By the end of Q1 2019, there were over 140,000 homes complete, under construction or in planning. This figure is 13% higher than that identified at the end of Q1 last year. 

Savills: UK Build to Rent Market Update (Q1, 2019)

Published By: Savills PLC
May 2019

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