Number of Build to Rent homes across UK up by 30% according to new research

Written by Allen Walkey on - Breaking News -

The British Property Federation (BPF) has published  its first set of annual data on the build-to-rent sector’s growth, which shows the total number of build-to-rent homes complete, under construction and in planning across the UK has increased by 30 per cent in the past year.

In the UK there are now 117,893 build-to-rent homes – new, high-quality and professionally-managed homes built for renters – across all stages of the development lifecycle, compared to the total of 90,761 homes at the end of Q1 2017 according to the BPF.

Read the The British Property Federation (BPF) research report with data 12th April 2018 in full click here.

Ian Fletcher, Director of Real Estate Policy, British Property Federation comments:

“The build-to-rent sector is evolving quickly, with significant delivery in the regions and more houses, rather than just apartments, coming forward. Policy is also adapting, as to date the sector has grown without a planning blueprint. This is now changing. With the draft revised National Planning Policy Framework, local authorities will now have to specifically identify how many new rental homes their respective areas need. This has never before been enshrined in UK planning policy.

“Clearly, there are exemplar local authorities across the UK leading the charge, giving build-to-rent a chance to expand in the regions and demonstrate that it can cater for a wider range of people. The sector, however, has significant potential to deliver more professionally-managed homes for all renters seeking higher quality service and facilities.”

Jacqui Daly, Director, Savills residential investment research and strategy, adds:

“The development pipeline is growing strongly at both ends. The number of homes completed and under construction has risen by 46 per cent in the past year alone, and the pre-planning pipeline is growing quickly. There is now real momentum in the sector, having received a significant boost in the draft revised National Planning Policy Framework, which officially recognised the importance of build to rent in bringing forward new homes and the need to define sites to ensure delivery. At this rate of growth, we expect that the build to rent pipeline could double to around 200,000 within the next two years.”

Minister of State for Housing Dominic Raab adds:

“The 45 per cent increase in completed build-to-rent homes is good news, but we’re restless to do more. Our revised National Planning Policy Framework is a crucial next step in supporting the build-to-rent sector, reforming planning rules, and helping to deliver 300,000 homes a year by the mid 2020s.

“This government is backing reform with £4.1bn to fund the roads, schools and medical centres needed to reinforce our local communities, as we build the homes Britain sorely needs.”

Read the The British Property Federation (BPF) research report with data 12th April 2018 in full click here.

Author: Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

100% No obligation mockup design offer exclusive to Estate Agent Networking readers,
this is a time limited offer on a first come first served basis.


Recent Popular Articles

Rents to rise 4% outside of London in 2017 forecast by Rightmove

The Rightmove Rental Price Tracker report released this week for Q4 2016 ( October - December 2016 ). Their forecast for 2017 is that rents

Mortgage affordability comes out best in Scotland for Q4 2016 says Bank of Scotland

In the latest Bank of Scotland Affordability Review which tracks mortgage affordability for homeowners across Scotland, they state that the proportion of disposable earnings devoted

Manifesto full of promises

Manifesto,Manifesto and Manifesto, we've had the Conservatives and Labour, today we have UKIP and Lib-Dem, the green party are putting theirs out on line, a

UK house prices rebounded in June according to Nationwide

The Nationwide House Price Index report June 2017 released today headlines 'House price growth regains momentum in June.' Prices rose 1.1% month-on-month in June, reversing

Nearly one in three houses don’t get built despite being given go-ahead according to shelter

Press release with new research from Shelter headlines 'Phantom Homes: Nearly one in three houses don’t get built despite being given go-ahead' Housebuilders have failed