There has never been a better time to be a landlord - an opinion that would seem to be backed up by a recent statement from the letting industry's leading body. Mike Betteridge of <a href="http://www.belvoirlettings.com/pooleandwestbourne">Belvoir Lettings</a> based in Westbourne, Bournemouth, Dorset, has seen his business go from strength to strength in recent months, and this buoyant outlook looks set to continue as rental voids hit an eight-year low.
The Association of Residential Lettings Agents <a href="http://www.arla.co.uk">(ARLA)</a> recently reported that the average void period - a key indicator of the buoyancy of the rental market - has fallen to its lowest level for eight years as demand for rental property remains high. In a survey of ARLA's members, the average void period has again fallen compared with the previous quarter from 3.6 weeks to 3.2 weeks and the average void period of the whole country is down quite sharply in its third consecutive fall.
"There continues a high demand for rental property in Poole & Bournemouth as more and more people struggle to get onto the housing market or find themselves unable or unwilling to keep up with mortgage payments," said Mike. "As this trend looks set to continue we are looking forward to another record year in 2011. "This statement from ARLA comes as no surprise to us, as it seems the demand for rental property is continuing to rise across the country."
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