Research
24.10.2024

UK Living Market Update Q3 2024

Our Living market update for Q3 2024 notes the latest trends driving investment into Build to Rent, Single Family Rental, Student, Healthcare and Senior Living, which are all set to grow as market conditions improve further.

  • The Build to Rent (BTR) and Single Family Rental (SFR) sectors continued to grow in Q3 2024 although the number of homes under construction in these sectors has been falling with new starts in decline since Q4 2022.
  • In the student sector, analysis of Home Office statistics showed a 17% fall in applications for visas to study in the UK in August 2024 against a year earlier. Nonetheless, the UK remains a top choice for international students. 
  • The rise in the National Living wage has resulted in significant wage increases and has put pressure on healthcare operational costs. As a consequence, fees in care homes have increased this year.
  • Senior Living continues to face challenges particularly in terms of new supply. Without the stock, liquidity will remain restricted, even with the wall of capital that might be looking to target this sector.
  • Lastly, the National Planning Policy Framework (NPPF) consultation period ran through the quarter and sought views on the proposed approach to revising the planning system. Read our summary of the NPPF revisions here.  

 

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