Rob Sumner, residential investment director of Simple Life Homes, said the BTR sector provided extra homes in addition to properties for sale and social housing.
The build-to-rent (BTR) sector constructs one in five new homes – including almost 30% of new homes in London – the Common Wealth thinktank says.
According to estate agent Savills, BTR housing stock stood at 105,000 homes at the end of 2023 from a private rented housing stock of about 5m homes.
Simple Life Homes, which is owned by Sigma Capital, has several developments in the UK, including one- to three-bedroom homes available at its Albion Homes site in Salford, Greater Manchester.
“Housing in the sector also skews toward households on above-average and higher incomes, with industry data showing households in BTR are much more likely to be on incomes of over £68,000 a year than the average for the private rental sector,” the report says.
