Void periods are steadily falling, along with rent arrears.
According to the National Landlords Association, void periods have fallen to their lowest level in over a year, with only 33% of landlords experiencing vacant periods in the last three months, down 13% year on year.
At a regional level, however, there are significant variations: voids are greatest in the North-East of England where 54% of landlords have experienced empty periods in the last three months and lowest in London where only 20% of landlords have experienced voids over the same time frame.
The average duration of a void has reduced to 60 days, down from 69 last year.
Fewer landlords are reporting rental arrears – 41% in the last 12 months, down 9% year on year.
David Salusbury, chairman of the NLA, said: “It is in every landlords’ business interest to maintain good, long-lasting tenancies and avoid voids.
“At a time when demand far outstrips supply, it is imperative that empty properties are filled quickly, following any necessary maintenance and improvements.”
For its research, the NLA conducted 824 online interviews.