As of May 2024, London had the shortest average void period across all regions in the United Kingdom (UK). Rental properties in that month stayed vacant for 18 days on average. West Midlands, on the other hand, had the longest void period of 24 days. The amount of time when a rental property is unoccupied and therefore generates no income for the landlord is known as a void period. Void periods are a major reason for the loss of expected rental income for landlords. The average length of void periods differs across regions in the United Kingdom. Understanding the trends of void period lengths could enable a landlord plan accordingly to minimize the impact on their expected income through careful cost planning and budgeting. According to landlords, the demand for rental properties has increased significantly.
Average void periods for landlords in the private rental sector in the United Kingdom (UK) from January 2020 to May 2024, by region
(in days)
In the context of property, void period is understood as the time in-between tenant occupation, when the rental property generates no income (but still generates costs).
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Goodlord. (August 13, 2024). Average void periods for landlords in the private rental sector in the United Kingdom (UK) from January 2020 to May 2024, by region (in days) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1249546/rental-properties-void-periods-in-the-uk-by-region/
Goodlord. "Average void periods for landlords in the private rental sector in the United Kingdom (UK) from January 2020 to May 2024, by region (in days)." Chart. August 13, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1249546/rental-properties-void-periods-in-the-uk-by-region/
Goodlord. (2024). Average void periods for landlords in the private rental sector in the United Kingdom (UK) from January 2020 to May 2024, by region (in days). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1249546/rental-properties-void-periods-in-the-uk-by-region/
Goodlord. "Average Void Periods for Landlords in The Private Rental Sector in The United Kingdom (Uk) from January 2020 to May 2024, by Region (in Days)." Statista, Statista Inc., 13 Aug 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1249546/rental-properties-void-periods-in-the-uk-by-region/
Goodlord, Average void periods for landlords in the private rental sector in the United Kingdom (UK) from January 2020 to May 2024, by region (in days) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1249546/rental-properties-void-periods-in-the-uk-by-region/ (last visited September 20, 2024)
Average void periods for landlords in the private rental sector in the United Kingdom (UK) from January 2020 to May 2024, by region (in days) [Graph], Goodlord, August 13, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1249546/rental-properties-void-periods-in-the-uk-by-region/