Build to rent project pipeline jumps 22%

Aaron Morby 3 years ago
Share

The surge in build to rent projects looks set to continue with the number of homes presently in the planning pipeline 22% ahead of last year.

Winvic is starting The Residence build to rent in Edgbaston as rental projects begin to take off around the UK
Winvic is starting The Residence build to rent in Edgbaston as rental projects begin to take off around the UK

Research from the British Property Federation shows the sector remained particularly resilient during the Covid pandemic last year.

The number of completed build-to-rent homes increased by 23% in 2020 with build-to-rent accounting for 4% of all new homes, and around a fifth of all new homes in London, in the final quarter of 2020.

Build to rent continues to accelerate new housing supply outside of London, outstripping the capital in both current and future supply.

But the number of new homes in planning has stabilised in the capital with just a 2% rise as it competes with the regions for investment.

Every region of the UK recorded positive growth in future supply, with the planning pipeline in Northern Ireland increasing the most significantly. The East of England and Scotland ranked second and third, respectively.

With 32,395 build-to-rent homes – complete, under construction or in planning – the North West still boasts the largest number of build-to-rent homes outside of London.

While build-to-rent homes under construction in the North East,  North West and South West slowed in the final quarter significant increases in the number of homes in planning, suggests a healthy future pipeline for the sector in these regions.

Ian Fletcher, Director of Real Estate Policy at the British Property Federation said: “The build-to-rent sector has shown its resilience throughout 2020, with investors continuing to drive the sector’s growth across every region of the UK.

“The quantum of planning applications in London, however, is static – suggesting that the capital is having to compete more for investment.

“Throughout 2020, around one in five homes completed in London have been build-to-rent – in the regions this share is lower, despite the volume of build-to-rent homes in the regions now surpassing London.

“There remains a significant opportunity for the sector to increase its share of completions in our regional cities and towns, further supporting local housing supply ambitions, and this will include more suburban houses that families can call home.”

Latest news

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
2 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
2 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
2 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
2 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
2 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
2 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
3 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
3 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
4 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
3 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
3 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
3 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
3 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
3 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
4 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
4 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
4 days ago

New scheme fuels London lab building boom

Plans in for 160,000 sq ft Whitechapel scheme near Royal London hospital
4 days ago

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
4 days ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
4 days ago

London back as most expensive place to build in world

Capital leapfrogs Geneva to top costliest construction rankings
5 days ago

Gas supplier Regent to buy TClarke for £90m

£491m turnover listed building services specialist to be sold
5 days ago

Steel contractor Billington launches into bridge market

Steelwork firm hires staff from failed architectural and bridge specialist SH Structures
5 days ago

McGee employees benefit from rise in profits

Pre-tax profit doubles boosting payouts for Employee Ownership Trust
5 days ago

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
5 days ago

Costain signs site labour supply deal with four firms

Contractor to use only a quartet of providers for temporary labour supply
5 days ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
5 days ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
6 days ago

Trio win new Scape utilities consultancy framework

Perfect Circle, AtkinsRéalis and Arcadis win places on
5 days ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
6 days ago

Contractor services