Home > News > UK Build-to-Rent homes to increase fivefold by 2032

UK Build-to-Rent homes to increase fivefold by 2032

Research from the British Property Federation (“BPF”) and Savills projects that the number of completed Build to Rent (BTR) homes could increase five-fold to reach 380,000 by 2032, with the sector worth £170 billion, as the sector becomes an integral part of UK housing delivery and economic growth.

The projection, undertaken in partnership with Get Living, one of the UK pioneers of BTR, and M&G, a leading global investor and asset manager, shows that by 2032 8% of UK homes for rent will be purpose-built, up from 1.5% today. The analysis predicts a continued evolution in the market, with single-family homes making up almost a fifth (18%) of BTR stock in ten years’ time compared to 12% today.

The new analysis has been undertaken to coincide with the ten-year anniversary of the Montague Review; a report commissioned in 2012 by then Housing Minister Grant Shapps to remove the barriers to long-term institutional investment into purpose-designed homes for rent. The review’s recommendations, which were adopted by Government, included more support for BTR in national planning policy and Local Plans, the release of more land for development and the standardisation of tenants’ rights.

The Montague Review is widely acknowledged to have marked the birth of the modern BTR sector. The Olympic Village in Stratford, which was designed as temporary accommodation for athletes competing at the 2012 London Olympic Games, became the UK’s pilot BTR scheme once converted into professionally managed rented accommodation. Now known as East Village and owned and operated by Get Living, the neighbourhood has become a BTR success story, home to 7,000 residents and further development in the pipeline to cater to growing demand.

A decade later, as of Q3 2022, £30bn has been invested into the BTR sector, delivering 76,800 completed homes and a further 163,400 in the planning and delivery pipeline. While the sector still represents a small proportion of new housing delivery, it is growing rapidly, with the number of completed BTR homes increasing by 14% year-on-year in Q3 2022.

HICH LTD has continually raised the quality standards in the UK property survey market. Our multi-award-winning property survey service has made us the leading reference in the property survey market.

We offer property survey services of the highest quality. Using state-of-the-art equipment, we provide top-notch property surveys at affordable prices. Our prices are based on the number of rooms rather than the value of the properties, so you will always get the best value for money with our services.

Please look at our Trustpilot page and see why customers have chosen us as their favourite property survey provider!

At HICH LTD, we work to serve our clients and make the world a better place for everyone. We actively collaborate with NGOs to promote environmental, social and charitable causes. If you want to know more about our efforts or how you can help, contact us at hichinfo@aol.co.uk.

HICH LTD extends a warm invitation to contractors and service providers throughout the UK to join our network; by joining the Contractors and Service Providers Network, you will enjoy benefits such as a significant increase in customer flow, advertising on our high-traffic website, and direct contact with thousands of customers in your zip area. Find more information here or by following the QR code in the following video.