Banks, property funds and other institutional investors poured a record amount of cash into the UK’s rental property market last year, fuelling a boom that looks set to continue into 2022 owing to a chronic lack of homes in the country.
Investors ploughed £4.1bn into the UK’s fast-growing “build-to-rent” sector last year, more than half of which was spent in a bumper fourth quarter, according to property advisory CBRE.
That was about £500m higher than 2020’s previous record. Close to £2bn worth of deals are already in train for this year and a further £2.5bn being marketed, according to CBRE.
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