HMO properties (Homes of Multiple Occupants) once saw high demand for student accommodation. Now, traditional buy-to-lets – single 1-bedroom properties in particular – see higher demand from tenants and investors. This is due to students choosing purpose-built student accommodation, looking for higher-quality, modern designs.
Many young professionals and recent graduates search for 1-bed rentals. Because cities North of London are improving and growing their business sectors and transport connections, such people relocate to these places for work or a more affordable and commutable location to London.