The number of build-to-rent properties under construction and at the planning stage has risen from 54,500 to 79,000 since the spring, while the number of developments in the pipeline has increased from 24 at the beginning of the year to 34 now, according to research undertaken on behalf of the British Property Federation. In London, where there are more than a million empty homes, developers have been forced into an awkward position as they try to find new tenants for their properties.
The number of build-to-rent properties under construction and at the planning stage has risen from 54,500 to 79,000 since the spring, while the number of developments in the pipeline has increased from 24 at the beginning of the year to 34 now, according to research undertaken on behalf of the British Property Federation. It also revealed that Manchester, Birmingham, Leeds and Liverpool have a bigger pipeline than London, with 12,316 build-to-rent homes under construction in the regional cities, compared with 11,696 in the capital.