An online lettings agency has accused High Street rivals of being “inefficient” and making voids longer than necessary.
Home Made, which operates only in London, says rental properties across the capital are sitting empty for an average of 24 days a year.
This average masks significant borough-to-borough differences - for example, in Hounslow it’s 15 days and in Havering it’s 37.
Home Made claims that its research shows traditional agents do not market available properties until six days after a tenant has given notice “thereby increasing the risk of a lengthy void period.”
The founder of the agency, Asaf Navot, says: “Inefficient agency models are one of the driving factors keeping London homes unoccupied. Landlords are paying agencies for a service and if they are not delivering, they need to hold them to account.
“We’d urge landlords to ask their letting agent for transparency at every stage, from the date their property will be available online, through viewing volumes and feedback, all the way to move-in date.”