Build to rent sector accounts for 1% of all housing
The build to rent sector now accounts for 1% of all UK rental properties, having risen by 135%, according to Ascend Properties.
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The build to rent sector now accounts for 1% of all UK rental properties, having risen by 135%, according to Ascend Properties.
An estimated 21.9% of the population of London currently live in rented accommodation, according to Ascend Properties.
Homes that are occupied by their owners make up a majority of the England’s property market, but the number of people who rent has increased by 2.4 million in the last decade.
Build to rent completions are expected to double by 2025, according to Ascend Properties. Between 2017 and 2018, the number of new build to rent completions reaching the market grew by 1%. However, between 2018 and 2019, overall new completions rose by 54% on an annual basis. Excluding build to rent completions, overall new completions rose by just 6% over the same period. Looking to 2020, the total number of new build to rent completions was 10,158, equating to a 20% decline year-on-year. Despite this decline, the overall size of the market continues to increase, according to the firm. Betw...