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Tuesday, February 22, 2011

Letting voids fall

The latest Paragon Group’s Private Rented Sector (PRS) Trends report shows that landlords are experiencing greater tenant demand with 4 out of 10 landlords reporting increasing tenant demand compared to 36% during the third quarter.

Tenant demand has now risen for six consecutive quarters and only 4% of landlords reported falling demand from tenants in the quarter, the lowest proportion since the third quarter of 2008 and the 2nd lowest since Paragon started collating the data in 2004.

The average void period fell for the second quarter in a row to an average of 2.9 weeks a year.

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