Press Release
BTR Investors Remain Cautiously Optimistic, Reports CBRE
October 17, 2025
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UK Build to Rent (BTR) investment volumes in Q3 2025 totalled £581.2m, according to preliminary data from global real estate advisor, CBRE. A further £3.8bn of investment is sitting under offer. This is an increase of £1.6bn from Q2 2025, highlighting cautious optimism in the market, with an increase in active investors and those preparing to re-enter the market.
The figures show that Multifamily BTR drove investment in the third quarter, totalling £334.6m across three transactions, a small decrease of 4% compared with the same time last year. A further £246.6m was invested into Single Family Housing BTR, broadly the same as Q3 2024.
Overall, a total of £2.3bn has been invested into the UK BTR sector in 2025, which is broadly level to the same period of 2024. Splitting this out highlights £1.3bn of Multifamily BTR investment (up 5% year-on-year) and just under £1 bn of Single Family BTR (down 12% year-on-year). Similarly to 2024, a greater proportion of these have been standing deals.
The pipeline provides scope for plenty of further deals in Q4, focussed on built stock, with a total of £3.8 bn of transactions under offer. This is weighted towards the Multifamily sector which accounts for 60% of the current investment pipeline.
Key deals this quarter have included Greystar’s acquisition of Barking Wharf, a 595-home build-to-rent community and the landmark £145 million joint venture, between the JRL Group and Housing Growth Partnership, to deliver a 414-home scheme in Luton.
In the last quarter, we've observed cautious optimism and increasing confidence among investors in the Build-to-Rent (BTR) market, demonstrated by a rising number of transactions. A significant portion of properties currently under offer are existing buildings, which underscores the shortage of newly constructed BTR stock.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.