For UK construction generally 2019 was very busy, reaching historically high levels of output despite Brexit uncertainty taking its toll. New residential construction output reached over £42 billion in 2019; the highest level ever recorded and higher than the 2007 peak. 2020 has heralded increased levels of customer interest and an upturn in investment activity across the residential sector, with the Build to Rent sub-sector in particular outperforming the wider residential construction market. With strong rental growth expectations, what can we expect for the Build to Rent sector in the UK and Ireland in 2020?
In 2019 there was approximately £2.5 billion of investment in the Build to Rent (BtR) sector, predominantly from institutional investors, public and private companies. UK completions were up by around 50% compared to 2018, adding approximately 10,000 BtR homes in 2019 and accounting for about 5% of UK-wide residential completions.
With many investors eager to deploy equity into the booming BtR sector, factors including a heightened focus on customer experience and whole life operations are critical aspects that can contribute to investment performance. Working with organisations that understand the full range of potential success factors in BtR can help make projects more viable and successful.
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