The UK’s buy-to-let property investors enjoyed a very strong year last year in terms of average occupancy rates with an average of 2.6 weeks without a tenant over the year reached in the fourth quarter.
The quarterly survey, conducted by buy-to-let mortgage specialists Paragon Mortgages for the past 13 years, indicated continued strength in the rental market last year.
UK buy-to-let tenancy has always been strong, with an average of 2.6 to 3 weeks of vacancy per 12 months recorded since Paragon began its survey in 2002.
Even during the economic crises vacancy levels peaked at 3.5 weeks per year on average. Nonetheless, a result close to the record low of 2.5 weeks of average vacancy set in 2002 will be well received news by property investors across the length and breadth of the UK.
Source: www.invezz.com
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