As many as 1.74 million households out of a total 5.2 million private rentals will be within the build-to-rent (B2R) sector within a decade, compared with the current figure of 30,000, according to research from Savills. The sector will grow from £9.6bn ($12.2bn) in 2012 to £11.4bn by 2030, it said. Build to Rent is set to eventually swallow up a third of the private rented market, research by Savills has revealed, as the sector witnesses huge growth over the next five to ten years. The report also predicted that the retirement housing sector will grow from £121bn to £265bn, with more than half a million new homes added.
As many as 1.74 million households out of a total 5.2 million private rentals will be within the build-to-rent (B2R) sector within a decade, compared with the current figure of 30,000, according to research from Savills. The sector will grow from £9.6bn ($12.2bn) in 2012 to £11.4bn by 2030, it said. The report also predicted that the retirement housing sector will grow from £121bn to £265bn, with more than half a million new homes added.