With recent improvement in the property market, experts are suggesting that now is the time to buy. This property ‘boom’ coupled with the government’s ‘help to buy’ scheme, would suggest the rental market is suffering – however this is simply not the case. At the end of January, it was reported that we are still a ‘nation of renters’ and that current initiatives encouraging young people to buy have had no negative impact on the demand for rental property. Property investors and landlords can breathe a sigh of relief, as it seems HMO property investment is still the way to go – the rental market is going strong. Let’s look at why this is so:
Despite fears that increased tuition fees may deter students from higher education, the demand for university places is still high. And with students, comes a need for student housing. Alongside the undergraduate demand, statistics show that the number of post graduates studying at major UK universities is also increasing. With very few postgraduates choosing to living in student halls and instead wanting to rent for a more independent lifestyle, HMO properties are the obvious choice. Cities such as Salford, Manchester and Liverpool, with numerous universities and student dominated residential areas, are solid HMO property investment locations.
It’s not just students who are choosing HMO rental properties. Young people who are beginning to get their foot on the career ladder are also choosing shared housing. Rental properties have a lot of benefits over buying. They’re more flexible, so should a tenant need to move away, there is minimal hassle (perfect for young professionals who aren’t tied down), they’re cheaper for those with an entry level job, and they provide the social benefits which many young people may miss after three years of communal living at university.
This really is the perfect time for those looking to invest in HMO property – an improved property market means prices are only going to increase (grab a bargain while you can!) while the rental industry is still going strong. The best of both worlds. If you’re interested in HMO property investment, check out Mistoria Group’s current deals. We have a range of properties in some of the UK’s major university cities, and all our properties are renovated, decorated and finished to Mistoria’s high standard. If you would like to discover more about the opportunities in student property investment, please call the Mistoria Group on 0800 500 3015 or contact us through our website.