Build-to-rent starts and completions fell by 31% and 65% respectively in the first quarter of the year, analysis has shown.

Statistics released by the British Property Federation and Savills show just 1,587 BTR homes were completed in the UK in the first quarter of the year, nearly a third of the 4,591 completed in the same period in 2021. Starts also fell from 5,657 to 3,930 over the same period.

However, Guy Whittaker, associate, residential research at Savills said the drop was likely a “temporary blip” and overall annual growth of the BTR sector remains strong.