The BTR sector would grow £ 10.91 trillion by 2022.

The BTR is gaining more momentum this year than in previous years.

An investigation by Build to Rent specialists Ascend Properties has revealed how the sector is poised to gain further momentum due to the number of currently under construction.

Previous Ascend research found that when it came to pandemic terminations across the BTR sector, London had seen an increase of 28 percent, while in other parts of the UK, terminations were down 33 percent.

However, when looking at industry data on the number of BTR units currently under construction, the opposite is true. The most recent data shows that 36,054 BTR units are currently in the works across the UK, a drop of -1.8 percent year-on-year.

In London, there are 16,227 BTR units currently under construction in 2021, a year-on-year decrease of -8.2%. However, in other parts of the UK, the number of BTR units currently in the delivery process has increased by 4.1 percent in 2021 compared to the previous year.

“The BTR brings a lot to the UK property market”

Ascend also analyzed the Build to Rent pipeline in terms of the sheer value of bricks and mortar it will bring to the market as a result.

In total, the 36,054 UK-wide BTR units currently under construction are estimated to add £ 10.9 billion in value to the Build to Rent market. With the highest new-build property values ​​in London, Ascend estimates that those currently under construction will add £ 8.1 billion in market value.

While higher than the rest of the UK, this equates to a -7.5 percent drop in the total value of the capital’s BTR pipeline from one year to the next. In contrast, the BTR pipeline in the rest of the UK is estimated to be worth £ 5.7bn and, while it is behind London, this is an impressive 9% annual increase.

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