The British Property Federation (BPF) has put together its quarterly overview of the build-to-rent sector, including its build-to-rent map giving an overview of all developments in the UK.
The BPF has put together a detailed overview of what’s been happening during Q2 of this year in the country’s build-to-rent market.
As a growing sector, build-to-rent has become instrumental in order to fix Britain’s housing crisis.
Build-to-rent is the part of the UK’s property market where homes are purposefully built in order to be rented out and owned by institutional investor. They are usually managed by specialist operators, often with on-site management teams.
Here are some of the key findings from the BPF report.
1. The supply of build-to-rent properties
With estimates suggesting the build-to-rent sector could deliver 240,000 new homes by 2030, these figures are already encouraging as it shows that the sector is continuoulsy growing, with the number of development in planning out-doing both completions and constructions.
2. The stages the developments are in
With most of the developments finding themselves in a stage rather late in the planning process, this statistic again shows a positive outlook for the sector with oermission already granted for more than 20,000 units.
3. The size of the developments (in units)
Most developments being built are smaller projects, with only very few schemese encorporating more than 1,000 units.
4. The kind of housebuilder delivering the developments
This chart shows how local developers and the country’s major companies are now equak when it comes to developing property. This is particaularly welcomed in smaller, more rural areas where bigger developers may not want to build, but smaller, local companies are happy to make their mark.
5. A comparison of developments in London compared to the rest of the country
Overall, a tremendous amount of build-to-rent developments are bing build and planned in London, leading to questions whether the market may soon be oversaturated in the capital.