Tenants now keep in a tenancy for practically three years on common, a 40% improve on simply 4 years in the past, analysis from The Deposit Safety Service has revealed.
Tenancies now final for 1,085 days on common, which is 179 days greater than in 2024, after they usually lasted for 906 days.
It’s possible extra renters are staying put to profit from decrease rents for longer, on condition that there’s been substantial rental progress up to now few years.
Matt Trevett, managing director at The DPS, mentioned: “The typical tenancy elevated throughout the pandemic, largely due to emergency restrictions on transferring.
“Our information present a year-on-year improve within the common variety of days our tenant prospects spend in a property since February 2022, when these restrictions ended.
“Difficulties in securing leases and the prospect of paying increased rents for a brand new property imply that many tenants are staying put for for much longer.”
