According to Greycoat real estate specialists concerning the recent findings at Knight Frank. They call out how it has been estimated that in the next 5 years, the build to rent scheme in the UK (BTR) will double in value and will hit £126bn.
Currently, there are approximately 90,000 complete BTR homes in the UK in close to 75 units.
Furthermore, 67,000 are still under construction while 74,000 have the planning consent and this makes a total of 230,000 homes, as Greycoat real estate agency shares. According to Guy Stebbings, who is the head of operating build, the BTR is currently going through an exponential growth as the stock value has been doubling in the last four years.
This is as a result of the increasing demand patterns for the rental homes. Greycoat agency adds that the market dynamics as well as change of lifestyle tastes are also part of the reasons. Rental homes and mortgage rates are changing, overall, during this post pandemic era.
The investors have also been creating the ‘social good’ effect as they readily supply all the needed stock. With all these conditions, the overall value of the BTR sector will double by the year 2028. This, Greycoat explains, as there is more strength to meet the increasing demand of the ever changing needs of the renters.
Lizzie Breckner, who leads the BTR research affirms that the gradual flourishing of the BTR sector reveals a strong investment as well as the increasing need for more high-quality standards and flexibility in the world of rental housing. Greycoat finally informs us that as years go by, we should expect huge capital inflows, which of course will lead to growth of the sector’s expansion.”