Faster-mov­ing ten­ants cut voids

Yorkshire Post - Property - - PROPERTY -

AC­CORD­ING to the lat­est re­search from the Na­tional Land­lords As­so­ci­a­tion, void pe­ri­ods in pri­vate-res­i­den­tial prop­erty have fallen to their low­est level in over a year, helped by strong and con­sis­tent ten­ant de­mand.

En­dur­ing ten­an­cies are on the rise, with only 33 per cent of land­lords ex­pe­ri­enc­ing va­cant pe­ri­ods in the last three months, down 13 per cent year on year.

At a re­gional level, voids are great­est in the North East of Eng­land where 54 per cent of land­lords have ex­pe­ri­enced empty pe­ri­ods in the last three months and low­est in Lon­don where only 20 per cent of land­lords have had voids. The av­er­age du­ra­tion of a void has fallen to 60 days from 63 days, while ren­tal ar­rears at their low­est level since March 2010.

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