By James Lockett, ProperPR

Market analysis by real estate debt advisory specialists, Sirius Property Finance, has shown that the build-to-rent sector (BTR) has gone from strength to strength in the last year, rebounding from a decline in completions caused by the initial outbreak of Covid-19.

Sirius Property Finance compiled BTR sector completions between 2019 and 2021 to see how the sector had fared since the start of the pandemic and how this performance compared to the pre-pandemic landscape. 

The figures show that during 2020, BTR completions totalled 11,808. This marked a -14% drop in BTR developments reaching the market when compared to 2019 when there were 13,686 completions. 

This decline was driven by sector activity outside of London, with regional completions falling by -35% year on year. However, across London, the number of BTR completions actually climbed by 34% in 2020, reaching a total of 5,704. 

Over the last year, the London market has also seen the number of BTR completions climb by 19%, reaching a total of 6,780 in 2021. 

But it’s the BTR sector outside of the capital that has driven top-line growth on an annual basis, with a 29% increase in completions pushing the total figure across the nation to 2,852 in 2021 - a 24% overall increase on 2020. 

As a result, total BTR completions hit 14,660 in 2021, 7% higher than the pre-pandemic total seen in 2019. 

NOTES:

• Sirius Property Finance provides specialist debt advisory for structured, development and investment real estate finance as well as commercial and regulated mortgages.
• The City based advisor has numerous experts across multiple asset classes including residential, commercial, care, hospitality and the student accommodation space. 
• Born out of the Brightstar Group, the UK’s largest B2B mortgage broker, Sirius ‘specialises in the complex’ – utilising some of the most knowledgeable consultants in the industry.

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