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Supply issues expected to drive rents up despite cost of living pressure

Supply issues expected to drive rents up despite cost of living pressure

Rental voids fell across almost all regions of the country as February proved to be another busy month for the lettings sector.

Greater London saw a 24% reduction in the length of void periods – dropping from 17 to 13 days. And the East Midlands recorded a 25% drop – from 24 to 18 days, according to Goodlord.

The biggest change was seen in the South West, where voids reduced by a sizeable 27% during February – moving from 26 to 19 days.

The North East, North West and South East also all recorded reductions in average void periods.

The only region to see an increase in voids was the West Midlands, where a rise was observed. Numbers increased from 18 days to 22 days – a 22% increase.

Read the full article on Property Industry Eye | MARCH 3, 2022 | MARC DA SILVA

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