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New Report Shows Build-to-Rent Homes Increase by a Fifth Year-on-Year
The latest analysis published by the British Property Federation in conjunction with Savills shows the build-to-rent sector continues to grow at pace, with the number of completed homes increasing by a fifth (19%) in the past 12 months.
Conducted at the end of Q1 2022, the analysis shows that a total of 72,668 build-to-rent homes have now been delivered in the UK, up from 60,965 a year ago, with completions in the past year evenly spread across London (5,802 homes) and regional cities (5,901).
The construction and planning pipeline suggests market growth will be sustained, with a total of 46,304 homes under construction at the end of Q1 2022 – up 14% year-on-year. Units in the planning pipeline are 11% higher than 12 months ago.
As specialists in the build-to-rent sector, we are seeing increasing demand for our bathroom pods for this growing sub-sector of residential year-on-year and for mixed tenures.
More developers – such as Moda, Grainger, RG Group and Telford Homes – recognise the speed, value and quality benefits of bathroom pods and offsite manufacture versus in-situ construction.
Read the full article published in BTR News here.