Wise Living, has set a target of securing over 500 BTR homes in the South West in the next 3 years as it continues to expand its growing developer partner network in the UK.
BTR, which refers to homes that have been purpose built for the private rental market, is booming in the UK with nearly £420 million invested into the UK market during Q3 2021[1]. The South West is one of the regions that is seeing serious rental growth.
In Savills’ Q3 UK Build-To-Rent Market Update 2021, Bristol’s rental growth since March 2020 came second only to Sheffield, with a 7 per cent rise. Its three-month rental growth forecast is roughly in line with Leeds and Glasgow at 2.9 per cent and ahead of Liverpool and Manchester.
Wise Living currently has 10 active BTR developments in the UK, including in Coventry, Wolverhampton, Boston, Nottingham, Rotherham and Telford. It specialises in working with developer partners including Strata, Lovell, Seagate Homes and Keon Homes to bring BTR developments to suburban locations of cities and large towns where there is a clear under supply of quality rental homes.
