Q2 2023 UK Living Capital Markets Update

Student housing rebounds to £1bn while BTR records most active Q2 on record

August 07, 2023
  • Karl Tomusk
  • Simon Scott

Investment in UK build-to-rent, student and healthcare totalled £2.5bn in Q2 2023, rising 19% on Q1 as student housing made a resurgence.

After the quietest quarter JLL has recorded for PBSA, the sector bounced back, with total volumes topping £1bn. Student housing benefitted from both investment in standing stock and the forward funding of more new beds than in the past three quarters combined.

Meanwhile, BTR recorded its most active Q2 on record at £1.4bn, bringing the H1 total to £2.9bn – 24% above the five-year average – due, in part, to a second consecutive strong quarter for single family rental.

Despite these highlights, living investment in the second quarter remained 20% below the five-year average in a difficult inflationary environment.

The report explores both the opportunities and challenges UK living has faced so far in 2023.

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