Void times fall and rents hit new high
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.