The Build to Rent sector has grown by 14 per cent in the year to the end of the first quarter of 2022, the latest figures available.
Data prepared by Savills for the British Property Federation shows that over 225,000 BTR homes have now either been delivered or are in planning in the UK, up from 197,000 in Q4 2020.
Regional (that is, outside-London) BTR grew 16 per cent year-on-year; London, meanwhile, lags behind slightly with 12 per cent year-on-year sector growth and 42 per cent of the total pipeline.
The number of completed Build to Rent homes rose 19 per cent over the last year, reaching a new high of 72,668 units. Growth in completions has been similar across regional markets (18 per cent annual growth) and London (20 per cent).
Some 5,802 Build to Rent homes were completed in London in the year to Q1 2022. While this is 19 per cent lower than the peak of 7,100 in the year to Q4 2021 this is 44 per cent higher than the 2017-19 average.
Some 5,901 Build to Rent homes completed in the regions in the year to Q1 2022, 22 per cent lower than in the year to Q4 2021 but still 15 per cent higher than the 2017-19 average.
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