There is a rise in the number of landlords selling up, this is due to a shortage of tenants from high rents.

The number of tenants negotiating rents has also increased.

In March 2017, the average number of buy-to-lets that sold up per agency is 4. In February it was 3.

Rental demand is increasing whilst periods of vacancy is to. This highlights that rents are too high, but not for us.

The average home price in London has reached £455,230. Such value has resulted in young people struggling to buy and ultimately having to rent in the Capital.  Londoners are on average spending two thirds of their income on rent which is resulting in loss of key workers via being priced out. 

“Far too many people in Britain are struggling to make ends meet because of the unbearably high cost of renting” (Guardian, 2016)

Below is a chart showing in size, the difference in value of the Uk residential sector.

Housing of Multiple Occupancy or HMO is becoming London’s most exciting and profitable way of investing directly in property. Alongside the financial struggles of a first time buyer and a shift in the way people want to live, co-inhabiting space is hitting the mainstream of London’s rental market.