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Resilience of The Property Market to Covid19

Published: 28/04/2020

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.



Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958
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