Rise in length of tenancies reported

Rise in length of tenancies reported

Findings from a landlord survey by Rightmove indicate a change in renter behaviour against a backdrop of record rents and rising household bills.

Findings from a landlord survey by Rightmove indicate a change in renter behaviour against a backdrop of record rents and rising household bills. Over the last year, 20% of landlords reported a rise in their average length of tenancy, with the most common average tenancy period being over two years (63%).

Many landlords have recognised the challenges of rising household bills for renters, with the majority (63%) choosing not to put up rents. This is despite there being triple the number of enquiries than available properties.

Analysis of 20,000 build-to-rent listings revealed that the feature which has seen the largest increase in renter demand is to have ‘all bills included', at +36%.

Would you like advice on your rental property?

Our experienced and friendly Lettings & Property Management team are here to help landlords and investors across the Camberley, Chobham, Fleet and Yateley areas. No question is too big or small and we’d be delighted to chat with you. Email us at lettings@waterfords.co.uk or call your local branch:

• Camberley: 01276 66566
• Chobham: 01276 858589
• Fleet: 01252 623333
• Yateley: 01252 870222

Source: Dataloft, Rightmove (survey of 1,300 landlords)