Investment in the UK build-to-rent sector topped £2.6bn in the first half of 2024, 30% above the £2bn investment in the same period last year.
According to Knight Frank’s UK BTR Market Update the second quarter of the year saw £1.3bn, up 38% year-on-year.
The agency said that the second quarter investment was boosted by Vistry’s £580m sale of 1,750 single family homes to Blackstone-backed operator Leaf Living. SFH represented 56% of total investment by value in Q2.
Excluding that transaction, the average value of deals which have closed in Q2 has been £43.7m, down from nearly £70m at the same point last year. A smaller average lot size reflects greater liquidity for smaller deals while debt costs remain elevated.
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