Build to Rent in Scotland: Pipeline leaps to more than 7,000 homes
We are delighted to share our latest detailed Build to Rent Briefing with you on a rapidly emerging new residential market sector in which Rettie & Co. are playing an active part.
This Briefing has been put together by our Research Team, the largest of its kind in Scotland, which has been working with a number of developers, investors and government bodies in recent years to help get this new sector established.
- The number of Build to Rent (BTR) homes built or in the pipeline in Scotland has now increased to over 7,200.
- The bulk of this supply is in Glasgow (nearly 4,000 homes), with around 2,000 in Edinburgh and just over 1,000 in Aberdeen.
- As well as providing much needed new homes, the sector is producing a significant economic impact, with the value of construction contracts in Glasgow alone around £0.5bn.
- There is capacity for more growth, with BTR supply less than 2% of total private rented sector households in Scotland, compared with 3% in the wider UK and close to 9% in London.