Void times fall and rents hit new high

Yorkshire Post - Property - - PROPERTY -

VOID pe­ri­ods have fallen by 15 per cent over the last year, mean­ing that two-thirds of land­lords have their prop­er­ties va­cant for only two weeks, at a loss in rent of just £319, ac­cord­ing to LSL Prop­erty Ser­vices,

Only 18 per cent of land­lords have had prop­er­ties va­cant for four or more weeks in the last year and seven per cent had prop­er­ties va­cant for over ten weeks.

In Oc­to­ber 2009, the av­er­age prop­erty re­mained un­oc­cu­pied for just over five weeks and this year that fig­ure fell to just over four weeks.

LSL also say that rents are now at a record high of £691 per month.

Nine in ten land­lords ex­pect void pe­ri­ods to be less than four weeks in the next 12 months.

BLANK CAN­VAS: This Har­ro­gate Vic­to­rian town­house has been en­tirely ren­o­vated over the last 13 years. The kitchen is by Clar­ity Arts, who also cre­ated the built-in book­cases in the first floor sit­ting room. The walls are painted in Far­row and Ball colours.

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