UK build-to-rent sector grows 20%

The number of build-to-rent homes in the UK hit 148,046 in the third quarter of 2019.

This marks a 20% increase on the same period last year, when there were 123,537 BTR homes, according to research by Savills, commissioned by the British Property Federation.

The number of completed homes increased by 31% to 34,840 and the number in planning rose by 23% to 77,446.

The average size of BTR developments is also growing. In Q3 2019, the average number of homes in completed BTR schemes was 133, but this rises to 245