The idea behind the Build to Rent(BTR) movement began as a way to help the larger renter population find suitable housing. Greycoat Real Estate reveals there are thousands of projects currently under construction. 

The BTR sector is projected to see a strong 2024 and continue to grow in 2025 and beyond, says Greycoat Real Estate. According to the latest data, 2% of privately rented properties are BTR homes. 

London is the largest growing area for BTR, with 4.2% of the market. Greycoat Real Estate reveals the market of BTR homes has constantly grown since 2018. In 2020, there were approximately 58,844 BTR units within the rental market. In 2023, the number of units jumped to 100,372.

Greycoat Real Estate warns the BTR is still relatively new. It is still hard to project its actual growth. However, its growth potential could be rather huge. A reason for the continuing growth is people in the UK tend to rent longer before purchasing a home (Bisnow). 

Also, there is a large older population that are renters. Today, renters expect more when committing to a rental property. They require quality housing as well as security when renting long-term. The Build to Rent provides long-term renters with those things and even more. As a result, according to Greycoat Real Estate, Build to Rent will only continue to grow in demand.