CBRE has revealed that total build-to-rent (BTR) investment volumes hit £1.9bn during the first half of this year, with a "significant pipeline of investment" pointing to a busy second half.

Single-family housing investment stands at almost £1bn so far this year and totalled £643.1m in Q2 alone.

Multi-family BTR investment stood at around £1bn in H1, with investment volumes of £265.2m in Q2.

CBRE’s data also revealed that a further £2.2bn of BTR investment is under offer in the UK, almost 60% higher than in the same period last year, with around £1.5bn for single-family BTR.

Key Q2 deals highlighted by CBRE include Slate Yard, a completed multi-family asset in Manchester with 424 homes, and a single-family portfolio of 600 homes forward funded for around £188m in a project involving Barratt, Lloyds Living and Solasta Riverside.

CBRE also cited a 324 multi-family asset in Glasgow as a major transaction in Q2.

Andrew Saunderson, head of UK residential capital markets at CBRE, said: “Over the past six months we have seen improving levels of sentiment from investors. While still seen as an emerging market, single-family housing BTR continues to attract significant levels of interest, with a noticeable pick-up in the last quarter.

“The significant pipeline of investment into the sector is a result of both domestic and international capital and demonstrates the growing appetite for investment into the living sector and points to a busy second half of the year.”