Greycoat Real Estate´s Insight into the Surging Single Family Housing Market in the UK
The UK rental market is experiencing a surge in Single Family Housing thanks to increased investor appetite. This is according to the recently launched Single Family Housing (SFH) Report. This latter was done by Greycoat Real Estate.
Last year, a record £1.9bn was invested to develop more than 6,200 rental houses. This is five times the amount committed in 2022, Greycoat agency shares. Cumulatively, 40% of all build-to-rent investment in 2023 went to SFH. The sharp uptick is partly due to housebuilders’ willingness to partner with institutions in this initiative.
If the ambitious investment plans for SFH continue, Greycoat Real Estate predicts the current level of 25,575 homes will soon be tripled. Almost 70% of investors surveyed have plans to increase their investment in the SFH market. Though the sector is in its infant stage, its potential to increase housing supply in the UK is huge.
This investment trend is expected to continue beyond 2024, with contractors now more comfortable incorporating the concept. That is why it is so important to be backed up by professional agents, as Greycoat specialists suggest.
Currently, the North West region has 44% of the completed SHF stock. This is about to change, with almost 90% of the development pipeline going to other regions. The report indicates 75% of investors surveyed are targeting East Midlands and South East regions. Greycoat finally states how South West and West Midlands are other preferred investment areas.