London home to a quarter of the nation’s HMOs

lmost a quarter of all HMO (House in multiple occupation) in England are located in London (24 per cent), however, it’s the South East and East Midlands that currently offer the most opportunities for investors when it comes to stock listed.

That’s according to the latest market analysis by Revolution Brokers, who looked at how HMO levels are distributed across the nation, as well as the availability of HMO investment opportunities currently on the market. There’s currently just shy of 56,000 HMOs registered across England. 13,528 of these are found within the capital, meaning that London alone accounts for 24 per cent of the national total.

The East Midlands isn’t far behind, where a total of 10,737 HMOs sees the region account for 19 per cent of the national total. The South West (16 per cent), the South East (12 per cent) and the West Midlands (10 per cent) also account for double-digit market shares of the nation’s HMO market.

With 715 HMOs, the North East is home to just 1 per cent of the nation’s total HMO housing stock. When it comes to current HMO investment opportunities there are some 886 such properties currently listed for sale across England. This time it’s the South East that accounts for almost a quarter of stock, with the 210 HMOs currently for sale equating to 24 per cent of total listings.

There are 125 HMOs up for sale across the East Midlands, equating to 14 per cent of total market stock, with the North West (13 per cent), Yorkshire and the Humber (12 per cent), South West (11 per cent) and West Midlands (11 per cent) also ranking high.

Founding director of Revolution Brokers, Almas Uddin, commented: “When it comes to the HMO capital of the nation, London continues to dominate the market and it’s easy to see why.

“As the nation’s capital, there is also a revolving door of tenants, both domestic and international, moving to London to live and work. As a result, void periods are also far lower which again helps to maximise returns.”

By Mark Adair – Correspondent, Bdaily