Friday, May 20, 2016
Why Property Selling May Beat Private Landlords’ London Rent Returns
Will the property market in London continue to boom? Given the huge amount of increase in the price of properties in the capital in recent years, it is certainly now possible that the income generated by private landlords in London from rent could not be yielding enough compared to a sale. But for how long? Perhaps it is time to look at the benefits of selling a home you own, certainly if it is one of multiple occupation where your tenants have licences rather than full tenancies. Houses of multiple occupation, or HMOs as they are known, have become an increasingly popular way to rent a room in London, especially among homeowners who let a bedroom and share common areas with them. However, the maintenance costs of keeping these sorts of properties to a high standard can be high, thus eating into landlords' profit margins.