BTR needs rocket fuel to make a real difference
Data from Savills and the British Property Federation on the growth of build-to-rent (BTR) sounds impressive. The latest figures from July showed there were 124,037 homes complete, under construction and in planning across the UK, up from 98,723 at the same point last year.
That’s quite some growth in 12 months, but it is becoming increasingly apparent that it is not enough to make up for the loss of rented homes caused by the government’s crackdown on the buy-to-let market.
Last month, the RICS warned of significant increases in rent in the absence of a step change in the delivery of BTR homes or government-funded social housing …