A total of £1.9bn of investment was deployed into the UK build-to-rent sector in H1 2023, down from £2.4bn in the same period last year, according to CBRE.
Investment volumes for Q2 2023 reached £830m, down 41% on Q2 2022. Investment volumes also fell from the £1.1bn that was invested into BTR in Q1 2023.
Key transactions in BTR this quarter included L&G’s forward funding of the Loft Lines BTR scheme in Belfast (pictured) and the forward funding of Lower Essex Square, Birmingham.
According to the data, H1 2023 saw the highest level of investment into single-family housing on record, with £408m of investment in the first half of the year and a further £300m of assets under offer.
CBRE head of residential research Scott Cabot said: “Despite a more subdued second quarter of transactional activity, the BTR investment market remains robust with £2.3bn of assets under offer and a healthy pipeline of assets on the market.
“Our inaugural BTR Index, launched last month, showed that the residential sector has outperformed other commercial property sectors and thanks to its strong underlying fundamentals, it remains high on investor wish lists.”
To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews
