Tenants rent for longer according to latest government survey

Tenants rent for longer according to latest government survey


Todays other news
The Ministry of Justice has released the figures...
The analysis has been undertaken by The Letting Partnership...
That’s the view of Propertymark in its latest rental market...
The agency has 25 "offices and locations"...
The event was held in collaboration with the Guild of...
Retirees lead the way amongst landlords quitting sector


Tenants today spend 12% longer in the same property before switching, than they did a decade ago.

Advertisement

Analysis of the English Housing Survey shows the average private tenant currently spends 4.3 years in their rental home. This is 12.1% higher than a decade ago when tenants rented for an average of 3.8 years.

Advertisement

By contrast home owners spend an average of 9.2 years in a mortgaged property – some way below the average of 9.9 years seen over the last decade and 13.9% below the figure in 2013.

Advertisement

The tenants’ increase is due to higher rents discouraging shifts between properties according to the firm behind the analysis, Zero Deposit.

Advertisement

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
For sale sign outside a residential property in a city setting.
The analysis has been undertaken by The Letting Partnership...
For rent sign in front of a blurred house, real estate rental advertisement.
That’s the view of Propertymark in its latest rental market...
Businessman analyzing real estate market trends with digital graphs.
The RICS market snapshot is a measure of agent sentiment...
Torn paper revealing the word Leasehold on a brown background.
A long-term move to Commonhold will not help people struggling...
Landlords are selling up and rents are rising as a...
This is apparent in the prime lettings segment, it's claimed...
More details will be released by the government later this...
Recommended for you
Latest Features
The Ministry of Justice has released the figures...
The analysis has been undertaken by The Letting Partnership...
That’s the view of Propertymark in its latest rental market...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.