One of the most important and exciting new sectors in the
UK property market, Housing of Multiple Occupancy (HMO), is evolving into a
mainstream property investment model, according to a new report from specialist
commercial lender Shawbrook Bank. A combination of financial pressures for
those who have yet to get on the housing ladder, plus a shift in how people
want to live in the early stages of their professional careers mean this type
of property has grown hugely in popularity for renters. The report states that
‘…with a generation of young professionals focused more on renting, due in part
to house prices but also due to the desirability of higher levels of disposable
income, shared accommodation is highly appealing for this demographic for both
financial and social reasons.’ Read more on the buyassociation website.
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