Sam Humphreys, head of M&A at Dwelly, commented: “Void periods are an inevitable reality of the rental market, and landlords are constantly seeking ways to limit their impact on profitability. That impact becomes even more pronounced in a higher interest rate environment, and this research highlights just how quickly costs can escalate. A seemingly modest two-day increase in void length has translated into an almost 14% rise in the average cost of a void period.
“While voids cannot be eliminated entirely, their duration can be significantly reduced. Landlords are best served by working with proactive, efficient letting agents who are continuing to evolve their proposition through tech-led solutions, stronger operational infrastructure, and more streamlined processes. These improvements help agents accelerate re-letting, improve service levels, and ultimately ensure properties spend less time empty and more time generating income.
“This is one of our core focusses when an agent joins the Dwelly group, where enhanced technology, operational support, and shared best practice are designed to improve efficiency and help minimise void periods over the long term.”
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