Friday, October 20, 2006
HMO landlords fallen sharply since legislation
With significant timing, the number of landlords in the Private Rented Sector who have invested in Houses in Multiple Occupation, HMOs, has fallen sharply. This is revealed in the latest quarterly Review and Index published by ARLA. The HMO share of the whole rental sector has dropped from nine percent to six percent over the last three months. This coincides with the requirement to register the properties with local authorities by last July and could represent a loss of as many as 75,000 properties to the multiple sharer market.