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1、MultihousingReport2022/ 3.2 billion of capital has been committed to the UK Build to Rent(BTR)sector during the first three quarters of 2022,up 10.2%year-on-year.Some 1.5 billion was spent in the third quarter alone,the second strongest quarterly investment figure on record and 60%higher than the qu

2、arterly average for the last five years.Investors have been undeterred by a macroeconomic backdrop characterised by soaring inflation and rising interest rates,but higher financing costs since Septembers mini-budget mean we expect a slowdown in investment in the final three months of the year as som

3、e highly leveraged investors take a pause.AB T R M A R K E T P R O V I N G I T S R E S I L I E N C EInvestment into UK Build to Rent has been strong so far in 2022,with a significant level of capital committed in the first three quarters of the year.S E C T I O N O N E I N V E S T M E N TThat said,d

4、eals are still progressing.Investors previously looking to use debt to finance their purchases are drawing on cash reserves with a view to refinancing later.We have identified a further 650 million in deals in solicitors hands which could trade by year-end,which would take the full year investment f

5、igure to 3.8 billion.While that would be slightly down year-on-year,it would be 31%higher than the 2016-20 long-term average.Our Q4 estimate is a conservative one given ongoing strong demand and the large pipeline of deals currently on the market or under offer,but it accounts for the fact that some

6、 of these deals may take longer to complete and be pushed into early 2023.Should access to finance get easier,or other pressures ease,that figure will rise significantly.BTR is a proven counter-cyclical asset class.Investors continue to be attracted to the sector for a number of reasons:Low volatili