With UCAS reporting student numbers down almost 9% on this time last year is Cardiff student housing still a safe bet for landlords with HMO’s and multi let property or should they be broadening their horizons and looking at an alternative market such as entertaining the idea of a professional house share.
You only have to look on Rightmove or Zoopla and it’s all too evident that there are a large number HMO and multi let property listed for sale and for rent, properties stood empty, deteriorating and more than likely missed the bulk of the Cardiff student housing market.
It is estimated that 1.5 million more young people aged between the ages of 18-30 will be looking to the private rental sector by 2020 to provide a roof over their heads, so is now a good time to switch from Cardiff student housing and consider maximising rental income via a professional house share?
It seems to make sense as Cardiff student housing may see a continued contraction in the short term, but the opposite can be said for the growing professional house share market which looks to continue its growth trend. Another big plus of the professional house share market is full rental income for a 12 month period which is not always the case with Cardiff student housing.
If you are a landlord with a HMO or multi let and would like to discuss your options feel free to email email@example.com or contact us via telephone on 0845 496 0000.
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