Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.

Void Losses Rise Sharply for Landlords in Parts of England

Void period costs for landlords have increased by as much as 52.9% in some areas of England over the past year. This rise is adding significant financial pressure at a time when landlords are already dealing with higher costs related to compliance, maintenance, and regulation.

Rushbrook & Rathbone, a management firm, conducted an analysis of current market rents and the average length of void periods across different areas of England’s rental market. Their research calculated the current cost of a void period for landlords and compared it to the same period last year.

The findings show that in some regions, landlords are losing hundreds or even thousands of pounds in rental income due to longer or more expensive void periods. These increased losses come on top of other rising expenses faced by landlords in the current market.

Letting agents and inventory clerks may wish to note these trends, as they could impact landlord decision-making and the management of rental properties across England.