The latest figures show the number of houses in multiple occupation (HMOs) available across England has continued to fall, down by a further 2.4% annually, having already seen a 1.7% drop the previous year.
Analysis by Octane Capital shows there are now 489,701 HMOs across England, meaning the market has shrunk by over 21,000 properties in the space of two years.
The East Midlands has seen the largest reduction, with HMO stock levels down 26.1% in a single year. In the North East, HMO stock has declined by 15.8%, while the South East (-6.7%), London (-5.2%) and North West (-1.6%) have also recorded drops.