The number of voids has dropped by 44 per cent in the past month to hit an average of just nine days in July.
This is down from 16 days in June and is the lowest ever void rate recorded by Goodlord, which has been operating a lettings market index since the mid-2010s. The previous record was set at 10 days in July 2022.
The North East and the South West saw the lowest voids – recording void periods of just six days on average.
This, respectively, represented a 60 and 45 per cent reduction compared to June’s void figures for those regions.
The highest voids were recorded in the West Midlands at 14 days, a decrease of 22 per cent compared to June.
Greater London saw the smallest month-on-month change: a 21 per cent reduction in voids, from 14 days to 11 days.
|
Length of void period between tenancies, by region, June vs. July (days) |
|
|
|
|
Region |
June 2023 |
July 2023 |
Month on Month % change |
|
East Midlands |
23 |
12 |
-47.8% |
|
Greater London |
14 |
11 |
-21.4% |
|
North East |
15 |
6 |
-60.0% |
|
North West |
17 |
7 |
-58.8% |
|
South East |
16 |
10 |
-37.5% |
|
South West |
11 |
6 |
-45.5% |
|
West Midlands |
18 |
14 |
-22.2% |
|
England average |
16 |
9 |
-43.8% |
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