Single Family Housing is on the rise in the UK Build-To-Rent (BTR) market, with 9,626 completed units, 9,122 under construction and 9,187 in planning, at the end of the second quarter of this year, according to the latest figures from Cushman & Wakefield (C&W).

During the second quarter, Single Family Housing accounted for 47% of the total £800m invested into the BTR market. C&W’s report states that the number of Single Family Housing units is likely to increase rapidly as housebuilders look to diversify exit routes due to a weaker sales market.

With mortgage rates continuing to climb, paying a mortgage is more expensive than renting. The average monthly mortgage payment in the UK is 17% more expensive than the average rent, while in London it is 29% higher, making Single Family Housing, and BTR properties more attractive prospects for occupants, according to C&W.

Millie Todd, head of living research at C&W, said: “Traditional housebuilders are continuing to explore the BTR sector with a number looking to de-risk some of their existing schemes, as they see individual sales slow, by selling block opportunities to active investors. As the mortgage affordability issue continues to bite, we are likely to see more opportunities for investors with housebuilders in both the BTR and single family.”