Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Research Reveals Significant Rise in HMOs Across English Cities
New research indicates that houses in multiple occupation (HMOs) now account for almost one in 20 properties in certain cities in England. The findings come as a growing number of local councils are introducing stricter measures to regulate HMOs.
The report, published by Letting Agent Today, highlights the increasing prevalence of HMOs outside London. A league table has been compiled, ranking cities by the number of small and large HMOs relative to the total number of houses in each area.
The research suggests that the concentration of HMOs is particularly notable in some local authorities, prompting more councils to take action. The article notes that these regulatory efforts are aimed at addressing the impact of HMOs on local housing markets.
For letting agents and inventory clerks, the rise in HMOs and the corresponding increase in council regulation may have implications for property management and compliance. The trend underscores the importance of staying informed about local authority policies and the evolving landscape of the UK rental sector.
Source: Letting Agent Today