Lack of HMO properties is creating PBSA opportunity. Discover excellent PBSA opportunity! There has been 300,000 buy-to-let mortgage redemptions across the UK since 2017. Regulation and tax changes have made investment less attractive to private landlords. As a result there are 31% fewer 5+ bed properties listed for rent in Q1 2023 compared to pre covid. This shortage of HMOs is leading more students to consider self contained PBSA accommodation. Consequently occupancy levels are sky high, encouraging rental growth in this sector and will drive continued strong investment returns over the medium term.