Voids plunge to record lows

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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