Both average rents and void periods held steady during December according to the latest Goodlord Rental Index, the strong holiday season indicating a promising year ahead for the lettings market.
Void periods dropped across England during November as demand for rental properties continued apace. The average cost of rent was also down, further fuelling tenant demand to snap up new properties ahead of Christmas.
The average cost of rent dipped by an average of 8.9% compared to September prices in October, while voids hit the highest averages recorded since May, in Goodlord's latest Rental Index.
The average cost of rent is at a year-to-date high of £1,104 per property in September, while voids increased compared to August, but are still 10.5% lower according to the year-on-year figures.
The market looks strong heading into autumn, with rents continuing to climb across most of the country in August, and national average for void periods remaining low.
An analysis of 5,000 student lets processed through the Goodlord platform between January 2021 and July 2021, shows the student rental market recorded a huge boost in the cost of rent for tenancies that began during July.
The lettings market in England experienced a hugely busy July, with rents up and voids down across the board, as demand for rental properties goes from strength to strength.
Rents increased in every region monitored by the Goodlord Rental Index in June.
Voids are tumbling across the country and rents continue to be more resilient than predicted, shows the latest Goodlord Rental Index.
There was little change to average rents in England in April 2021 showed the latest Goodlord Rental Index, but void periods rose in most areas of the country.