Build-to-Rent Market Snapshot: A Report by The UKAA
The UK Apartment Association has released its latest report on the BTR market in Birmingham, and the findings are very exciting, so we couldn't help but share.
According to the UKAA, the build-to-rent market in Birmingham saw significant growth in the fourth quarter of 2022 and found that the number of BTR units in the city increased by 19% during the quarter, reaching a total of 5,541.
The report also highlighted the strong demand for BTR properties in Birmingham, with occupancy rates reaching 96.5%. This is a significant increase from the previous quarter, where occupancy rates were at 95.2%.
The data show the increasing popularity of BTR properties among young professionals and families in Birmingham, with 55% of BTR tenants in Birmingham being families with children.
Overall, the UKAA report paints a positive picture of the BTR market in Birmingham, with significant growth in the number of units, strong demand and high occupancy rates. The report also highlights the increasing popularity of BTR properties among young professionals and families in the city. The report is available to read here.
For those looking to invest or stay informed in the BTR market, Edozo’s Insight tool gives subscribers access to a database of all UK BTR developments, plus asking rents and operator details. This can provide valuable insights and information for those looking to invest or stay informed about the BTR market in the UK.
You can find out more about Edozo Insight here.