Voids hit 8 year low

The average void period being experienced by landlords in the UK has fallen to the lowest level in 8 years according to research carried out by the Association of Residential Lettings Agents (ARLA).

There members have found that the void period had fallen to 3.2 weeks from 3.6 weeks in the first quarter of 2010.

Void periods have shown a dramatic turn around falling from a high in the first quarter of 2009 to the lowest since records have began 10 years ago.

The south east is experiencing the lowest viod periods averaging 2.9 weeks whilst Scotland, Wales and Northern have the highest with 3.7 weeks.

For more regional information see here.