{"id":295,"date":"2010-10-04T08:39:15","date_gmt":"2010-10-04T08:39:15","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=295"},"modified":"2010-10-04T08:39:15","modified_gmt":"2010-10-04T08:39:15","slug":"rental-voids-reach-all-time-low","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/rental-voids-reach-all-time-low\/","title":{"rendered":"Rental Voids Reach All Time Low"},"content":{"rendered":"<p>By:<br \/>\nMadalena Penny<\/p>\n<p>According to the latest survey from ARLA, (Association of Letting Agents) the number of residential rental voids has fallen on properties from 3.6 weeks to 3.2 weeks in Q2 of this year, the lowest recorded.<\/p>\n<p>Compared with the last quarter of 2009, which revealed a void period of 4 weeks, the survey adds further evidence to \u2018tenant trending\u2019 indicating that the private rented sector is becoming an all increasingly popular alternative to home-ownership.<\/p>\n<p>Operations Manager of ARLA, Ian Potter, said:<\/p>\n<p>\u201cThe new government must ensure that <a href=\"http:\/\/globalfinancematters.blogspot.com\/\">finance<\/a> is made available to the sector, so that more properties can be brought into the PRS and ensure that more rental homes are made available.\u201d<\/p>\n<p>As is common in the sector, the lull experienced in the last quarter of the year shows no evidence of a decline in interest from tenants.\u00a0 Letting agents are hard pressed to supply available residential stock for the wave of demand.<\/p>\n<p>Binder Dhillon, Finance Director for landlord services provider, <a class=\"wp-caption\" title=\"Legal 4 Landlords\" href=\"http:\/\/legal4landlords.com\" target=\"_blank\">Legal 4 Landlords<\/a>\u2019, said:<\/p>\n<p>\u201cEach month we are hitting new record highs for <a class=\"wp-caption\" title=\"Legal 4 Landlords Tenant Referencing\" href=\"http:\/\/www.legal4landlords.com\/tenant-referencing\/\" target=\"_blank\">tenant referencing<\/a>, giving rise to an indication of the popularity of rental accommodation.\u00a0 Since January we have affiliated with a further 1000 letting agents and now have a network of over 2500 letting agent<a class=\"wp-caption\" title=\"legal 4 landlords affilaites\" href=\"http:\/\/www.legal4landlords.com\/affiliates\/\" target=\"_blank\"> affiliations<\/a> across the UK.<\/p>\n<p>\u201cIn certain hotspots such as Manchester, Merseyside, London &amp; Edinburgh, letting agents are establishing additional offices to cater for the influx of rental demand.\u00a0 Agents are reporting 5.5 tenants for each available residential property, making the sector particularly buoyant.\u00a0 A shortage of housing stock hindered by BTL lending is making it difficult for experienced and responsible landlords to increase their portfolios.\u201d<\/p>\n<p>As properties are being snapped up by tenants, data suggests it is only the undesirable properties at the lower end of the market that remain un-let for longer periods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By: Madalena Penny According to the latest survey from ARLA, (Association of Letting Agents) the number of residential rental voids has fallen on properties from 3.6 weeks to 3.2 weeks in Q2 of this year, the lowest recorded. Compared with the last quarter of 2009, which revealed a void period of 4 weeks, the survey [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[60],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rental Voids Reach All Time Low - Legal For Landlords<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/lforl\/rental-voids-reach-all-time-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rental Voids Reach All Time Low - Legal For Landlords\" \/>\n<meta property=\"og:description\" content=\"By: Madalena Penny According to the latest survey from ARLA, (Association of Letting Agents) the number of residential rental voids has fallen on properties from 3.6 weeks to 3.2 weeks in Q2 of this year, the lowest recorded. 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