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Arrears and voids are falling, says NLA

Arrears and voids are falling, says NLA

Rent arrears and voids are in decline, the National Landlords Association has claimed.

It says incidences of arrears have fallen to their lowest level for over two years.

While 39% of landlords have experienced instances of rental arrears in the last 12 months, the figure is down 9% year on year, and back to levels previously seen in the first quarter of 2010.

Void periods were down 5% to 33% in the second quarter of this year compared with the first quarter.

However, the picture is decidedly patchy.

At a regional level, voids are greatest in the North-East where 60% of landlords have experienced empty periods in the last three months, and lowest in the South-West where only 20% of landlords have experienced voids over the same period.

The NLA’s research is based on just over 1,000 interviews with landlords.