2025 Build to Rent Report & Co-living Addendum

2025 Build to Rent Report: 

Produced in partnership with VervLife, one of the UK’s largest BTR operators with 4,500 units under management, the report combines never-before-seen operational data with detailed investment analysis to deliver one of the most comprehensive views of the sector to date.

The report shows a market entering its next phase of maturity. Completed multi-family stock has grown by 16% in the past year to more than 127,000 homes, while investment volumes are on track to hit record levels in 2025. Transaction activity is diversifying, with operational disposals, forward purchases and single-family transactions reshaping the capital landscape. London is seeing renewed investor appetite, and commuter belt locations are emerging as a powerful growth story.

 

2025 Co-living Addendum:

When first released in 2023, the Harris Associates and VervLife Co-Living Report set a new benchmark for market analysis. For the first time, it showcased operational and resident data at scale from the UK’s largest Co-Living portfolio, providing unparalleled insight into how schemes perform in practice and who chooses to live in them. The report helped quantify demand levels, define the characteristics of the product, and establish why Co-Living is a credible asset class for institutional capital. It has since been widely referenced across the industry, shaping debate among developers, investors and policymakers.

The new addendum, Co-living Trends and the Use Class Debate, builds on that foundation with an updated 2025 data snapshot. It shows residents are staying longer, with 50% of residents now intending to remain for more than 12 months compared to only 35% in 2023. The student share has fallen from 28% to 16%, as the sector increasingly appeals to young professionals and long-term renters. Renewal rates remain high, pointing to a more stable and resilient income profile.

• Access the report here to discover more