The 3rd edition of the “Build to Rent Market Report – UK 2020-2024” has been published by AMA Research. The report covers the Build to Rent (BTR) market and the associated UK Private Residential (PRS) sector which have experienced significant market growth in recent years. This edition specifically reviews construction/development opportunities in the BTR sector.
Key issues covered in the report:
- Structure, size and value of the UK BTR/PRS sector. Analysis of PRS stock by tenure, property type and age. Future growth and prospects with forecasts to 2024.
- The BTR market, construction output estimates, volume estimates, key drivers in the market.
- Regional analysis of BTR examination of starts and completions, analysis of key factors driving regional expansion.
- Key drivers – housing availability & supply issues, rising house prices, planning constraints, land availability, etc.
- Review of the BTR/PRS investors and developers.
Areas of particular interest:
- Value and ownership of the UK PRS sector. Smaller private landlords, institutional and large corporate investors.
- Analysis of the BTR market, scale of operation, growth factors, forecasts to 2024, changing structure of the UK housing industry.
- The largest volume of BTR is coming through in urban city centres with London, Manchester, Birmingham and
- Leeds accounting for a large proportion of the sector.
- Leading developers of BTR units in London.
- Government support for PRS and BTR – including the Homebuilding Fund and availability of cheap finance.
Some companies featured within the report:
Dandara, FirstPort, Allsop, Savills, Vertus, Realstar, M & G Real Estate, Aberdeen Standard Investments, Lasalle Investment Management, Delancey Real Estate Asset Management, Legal & General Investment Management, Goldman Sachs, Moda Living & Apache Capital’s, BMO Real Estate Partners, Oxford Properties, Aberdeen Standard Investments, Brookfield Asset Management Inc (BAM), Canary Wharf Group (CWG), Qatar Investment Authority, Edmond de Rothschild Real Estate Investment Management (ERREIM), Cording UK Residential Investment Fund, Delph Property Group, Redrow, Countryside Group, Crest Nicholson, Telford Homes, Muse Developments, Balfour Beatty, Cala Homes, Later Living
Key areas covered in the report
THE BUILD TO RENT MARKET
- Overview of the PRS and BTR sectors in the UK.
- Overall size of BTR. UK rental demand and future growth of the UK BTR. Analysis of PRS stock by type and age.
- Outline of the UK BTR market by region & key cities, including London.
- The BTR market size, recent growth history, future prospects with forecasts to 2024.
- Starts and completions in BTR market – forecast of cumulative completions to 2024.
- BTR market in terms of volumes and values.
KEY ISSUES AND MARKET DRIVERS
- Housing supply – UK housebuilding progress and targets.
- Housing measures in the 2019 and 2020 Budgets and Financial Statements.
- Planning considerations in the PRS and in the BTR industry.
- Planning for BTR – changes to the National Planning Policy Framework (NPPF); changes to Permitted Development
- Rights (PDR); land availability – use of public sector land for PRS schemes; housing zones.
- House prices and affordability – mortgage availability.
- Tax changes affecting Buy-to-Let and reduction in the number of smaller-scale PRS landlord
- Government support and funding for PRS and Build-to-Rent Fund/Home Building Fund; Private Rented Sector
- Housing Guarantee; Affordable Homes Guarantee Programme (AHGP).
- Sources of funding, increased interest of institutional investors in the BTR industry.
- Ownership of the BTR market – leading investors/developers in the BTR; BTR developer/operator profiles; etc.
- Review of the key stakeholders in the BTR/PRS market – identification of leading institutional investment organisations and real estate asset/fund manager.
- BTR/PRS Investors and developers – specialist development, design, construction, delivery and property management organisations as swell as housebuilders specialising in BTR.