A leading banking and wealth management company says a growth area for the rental sector in the years to come will be Houses in Multiple Occupation.
The Arbuthnot Latham company says over the past 10 to 15 years, HMOs specifically and renting generally have proliferated – largely because high house prices has deterred prospective first time buyers, because mortgage availability has in some cases been limited, and because some younger people are less keen on the prospect of home ownership than older generations.
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