Liverpool Property News
How resilient are residential rental markets?
There has been an exodus from cities to more rural locations, of students and young professionals returning to family homes. There is a real possibility some will choose to terminate leases on expiry and return months later, causing rental voids.
Almost a third (32%) of tenancies across England and Wales are due to expire in Q2, which make them most vulnerable to Covid-19. London is more protected than other regions with just 24% set to expire.
Liverpool, Sheffield, Leeds and Birmingham are among the cities most vulnerable to extended void periods with more than 35% of rentals expiring before June 2020.
Landlords should be pro-active in seeking to retain tenants through this period, well in advance of lease expiries. It also raises questions about the distribution of lease expiries in rental portfolios.
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About The Blog
This Blog looks at what is happening in Liverpool, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Gill Bell - Editor
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