Q3 2023 UK Living Capital Markets Update

Student housing fuels living investment amid slowdown in build-to-rent

October 31, 2023
  • Karl Tomusk
  • Simon Scott

Investment in UK build-to-rent, student housing and healthcare totalled £2.1bn in the third quarter, falling 46% year-on-year.

PBSA had its strongest quarter so far in 2023, accounting for more than half of UK living investment at £1.2bn. This was 60% above the five-year average for the sector. By contrast, BTR recorded its quietest quarter since 2019 as the dip in sentiment earlier this year, caused by difficult market conditions, finally translated to reduced volumes.

Healthcare, while muted compared to previous years, showed an uptick on Q2 led by activity in the retirement living space.

Considering both the past quarter and the year so far, this report explores the market conditions and outlook for UK living as we head towards the end of 2023.

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