Research by Paragon showed that average void periods have fallen for the last three consecutive quarters on the back of strong tenant demand.
Void periods have fallen steadily since peaking in Q2 2010 at 3.5 weeks.
The strength of the market was reflected by Paragon finding that 45% of landlords have their rental property sitting empty for less than two weeks a year, while 34% experience voids of between two and four weeks.
Nigel Terrington, chief executive of the Paragon Group, said: “Private rented property offers people an attractive alternative to house purchase, which remains out of reach for many, and renting has grown significantly over the past 12 months.
“We would expect the average void period to remain low during 2011 as a growing number of tenants compete for property in the private rented sector.”
