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Rental demand high as void periods fall to lowest levels for 13 years

Rental demand in the UK remains high as landlords enjoy the lowest void periods in 13 years according to new research.

Rental Property Investments

Rental demand in the UK remains high as landlords enjoy the lowest void periods in 13 years according to new research.

The figures show that the average length of time between tenancies on rental properties has fallen to just 2.4 weeks in Q1 2015, the shortest period of time since the survey, conducted by Paragon Mortgages, started in 2002.


The record low is a fall of 7.3% from Q4 2014 where the void period was 2.6 weeks and a 14% decrease from the 2.8 week gap in Q1 last year.


The news continues the trend that landlords have been experiencing over the past few years as void periods have continued to fall, with the exception of a brief climb in 2013 to three weeks.


The survey also highlights that landlords feel the current demand in the market continues to remain high, with 42% describing the market as growing or booming, whilst the number of landlords feeling that the market was stable standing at 54%.


The English Housing Survey shows 4.4 million households are now privately rented compared with 3.9 million households in the social rented sector. The change in dynamics within the market appear to be a significant and lasting trend.