Void periods down as rental demand grows, study shows

24 2007
The average rental property within the UK is empty for less than two weeks before new tenants sign up, a new study has found.

Once again highlighting the strong demand for rental accommodation in all areas of the country, research carried out by Mortgage Trust revealed that it takes the average landlord just 13 days to fill their property in comparison to a 'void' period of 16 days witnessed over the third quarter of 2007.

These findings come soon after it was reported that demand for mew-build flats to rent within some city centres had dipped slightly over recent months.

"Much has been made recently of the problems investors have finding tenants for new build flats - and this has frequently been interpreted as being symptomatic of a decline in tenant demand for private rented property generally," said Mortgage Trust managing director John Heron.

"But speculative gambling on properties with no proven appeal to tenants is not representative of the buy-to-let market," he added.

Earlier this week, a majority of landlords questioned by Bradford & Bingley expressed their confidence that the rental property sector would remain strong in 2008, driven by steady demand from both students and professionals. ADNFCR-1219-ID-18406162-ADNFCR

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