{"id":6036598,"date":"2021-10-18T09:36:20","date_gmt":"2021-10-18T08:36:20","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6036598"},"modified":"2021-10-18T09:36:20","modified_gmt":"2021-10-18T08:36:20","slug":"demand-build-to-rent-homes-uk-regions-rising","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/2021\/10\/18\/demand-build-to-rent-homes-uk-regions-rising\/","title":{"rendered":"Why demand for build-to-rent homes in UK regions is rising"},"content":{"rendered":"
There was significant growth in parts of the UK build-to-rent market<\/a> last year away from London as people’s lifestyles and working patterns changed. What are people’s priorities now and where should investors be looking next?<\/strong><\/p>\n This sector, where purpose-built homes are created specifically with private tenants in mind, has been growing exponentially in recent years. Driven initially by developments in London<\/a>, the trend has spread further afield and the capital is now being overtaken by other parts of the country.<\/p>\n According to the latest figures, there are 63,950 completed homes in the sector. There are a further 42,000 under construction, with a future pipeline of around 99,500 BTR homes in total.<\/p>\n Construction in the UK’s regions has boomed recently, with almost 12,000 new home starts in Q3 2021. While 19 schemes began building processes within the capital, a huge 43 schemes started construction elsewhere. In particular, Manchester, Brighton and Liverpool were standout areas for new BTR construction, says a report from Savills<\/a>.<\/p>\n During the pandemic, behaviour patterns of some of the UK’s renters<\/a> began to change. The fact that less people were commuting meant they could prioritise homes with a better work-life balance and more space. This meant many people were more drawn than ever to commuter towns outside cities, and for many, these lifestyle changes will be permanent.<\/p>\nCity centre versus commuter towns<\/h4>\n