Faster-moving tenants cut voids
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.