Landlords plan to add HMO’s
Over a fifth of landlords, 21%, intend to add houses in multiple occupation (HMO’s) to their portfolio over the next year, according to reports.
More than a third, 40%, of landlords plan to sell terraced houses in the year ahead, while only 8% of landlords intend to sell HMOs.
Data collected shows that HMOs saw the greatest average rental yields in Q2 at 6.3%, compared to the market average of 5.5%.
Currently rental yields are at a nine-year low, with average yields across all property types having dropped by 0.3% in Q2.
Landlords with between 11 and 19 properties saw the highest average yields at 5.9%, and landlords in the North West were the best region for yields, similarly averaging 5.9%.