Foreign investment in European build-to-rent surges to €18bn

Cross-border investment in Europe’s burgeoning build-to-rent sector has doubled in the last two years, surging to €17.8bn (£15.9bn) last year. Changing regulation, demographic shifts and the lessening affordability of home ownership have seen annual levels of foreign investment soar from €8.2bn in 2016, according to new data from CBRE. The US was the largest source of cross-border capital for the sector, providing €6.7bn or 37% of investment. This was followed by €2.6bn of UK investment and €1.9bn from Sweden. REITs and listed funds deployed the most capital into the European market, accounting for 24% of the finance. Investment managers contributed