"In the last quarter, we've observed cautious optimism and increasing confidence among investors in the Build-to-Rent (BTR) market, demonstrated by a rising number of transactions"
- Tom Sinclair - CBRE
UK Build to Rent (BTR) investment volumes reached £581.2 million in the third quarter of 2025. A further £3.8 billion in deals is currently under offer, marking a £1.6 billion rise from the previous quarter.
The figures, newly released by global real estate advisor CBRE, suggest cautious optimism, with more investors active in the market and others preparing to re-enter.
Multifamily BTR-led investment during the period, totalling £334.6 million across three transactions. This represents a slight decline of 4% compared with the same quarter in 2024. Single-family housing BTR saw investment of £246.6 million, broadly consistent with last year’s performance.
So far in 2025, a total of £2.3 billion has been invested in the UK BTR sector, a level similar to the same period in 2024. When broken down, £1.3 billion has gone into multifamily BTR, a 5% increase year-on-year, while just under £1 billion has been directed towards single-family BTR, a 12% decrease from last year. As seen in 2024, most of these have been standing assets rather than new developments.
The investment pipeline points to a busy final quarter, with £3.8 billion of transactions under offer. This activity is focused on built stock, with the multifamily segment accounting for 60% of current deals.
Notable transactions during Q3 included Greystar’s acquisition of Barking Wharf, a 595-home build-to-rent community, and a £145 million joint venture between the JRL Group and Housing Growth Partnership to deliver a 414-home scheme in Luton.
“In the last quarter, we've observed cautious optimism and increasing confidence among investors in the Build-to-Rent (BTR) market, demonstrated by a rising number of transactions,” said Tom Sinclair, executive director at CBRE. “A significant portion of properties currently under offer are existing buildings, which underscores the shortage of newly constructed BTR stock.”
