Further Growth Predicted For HMO Sector

Data from lender, Precise Mortgages, has revealed that over a fifth of landlords are planning to expand their portfolio with the addition of an HMO (Houses in Multiple Occupation). HMOs are proving to be an attractive proposition in a time of market uncertainty, with HMO landlords achieving the highest average rental yields at 6.3% compared with the market average of 5.5%. The research shows average rental yields across the market as a whole are at their lowest for nine years. Average yields for all property types dropped 0.3% in Q2 from 5.8% in the first quarter of this year and are now at their lowest level since 2010. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/finance/further-growth-predicted-for-hmo-sector.html