The 3rd edition of the “Build to Rent Market Report – UK 2020-2024” has been published by AMA Research. The report covers the Build to Rent (BTR) market and the associated UK Private Residential (PRS) sector which have experienced significant market growth in recent years. This edition specifically reviews construction/development opportunities in the BTR sector.
The number of households in the private rented sector (PRS) has increased rapidly over the past decade, partly reflecting affordability barriers to home ownership. Since the early 2000s, the PRS has been one of the fastest growing sub-sectors of the property market. Since 2012/13, it has overtaken social housing to become the second largest tenure after home ownership, peaking at 5.4 million households across Great Britain in 2016. Growth in the PRS had coincided with a decline in other tenures including social rent and owner-occupier. However, between 2014-2018 home-ownership levels had increased falling sharply from 17.8m to 16.5m in 2019.
Key issues covered in the report:
Areas of particular interest:
The Build to Rent Market Report UK 2020-2024 is available now and can be ordered here.
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