Landlords with property to rent in London are among those whose annual void period has fallen by an average 15 per cent in the last year, according to research from LSL Property Services.
The average number of days a rental property has been left unoccupied is 30.9 days per year, down from October 2009's annual average of 36.4 days.
Tom Entwistle, director of LandlordZone.co.uk, said the fall in void periods is due to increased demand from first time buyers who cannot secure UK mortgage lending deals and are forced to rent instead.
He posited that demand for renting will remain strong into 2011 and offered tips to landlords hoping to decrease their own void periods.
"Offer the right properties, in the right locations, to the right target tenant market, keep the properties clean and well maintained and up to standard regarding modern facilities."
With regard to rental yields and returns in London, Mr Entwistle advised: "Ask a sensible rent in relation to the local market [and] look after good tenants when you get them."
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