Summary:
- Landlords of houses in multiple occupation (HMOs) sold off at least 2,000 student accommodation beds across the UK in the last 12 months ahead of the introduction of the Renters’ Rights Act.
- YieldMe, a specialist HMO estate agency, reported £170m worth of sales of HMOs in the last 12 months, equivalent to more than 2,000 student bedrooms.
- YieldMe said this was its highest year on record for student HMO transactions. It said it had “never been busier” fielding enquiries from landlords looking to sell properties, scale back portfolios, or rethink their long-term investment plans amid rising costs and tighter regulation.
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