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Thursday, November 19, 2015

Rental voids remain low

Rental voids have fallen to a historic low in Paragon's latest BTL market survey for Q3 2015.

The landlords surveyed reported experiencing a stable market, with small but steady increases in rents and good tenant demand during Q3 2015.

The average rental voids remains at 2.6 weeks.

89 per cent of landlords felt that they were confident that the market would remain stable over the coming year.

The number of landlords intending to buy additional properties over the coming 12 months reflected this increased confidence, with 18.4% looking to buy, up from 16.8% from the Q2 survey.

John Heron, managing director of Paragon Mortgages commented 

‘This quarter’s results present a picture of a PRS sector that is neither booming nor contracting, but rather growing steadily,’ 

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