21 September 2014
Tenants are now staying in one property for 20 months, according to the latest research from the Association of Residential Letting Agents.
This figure is up year-on-year from an average of 19 months in the first quarter of last year, indicating that tenants are starting to take a longer-term view of renting a property. It is also the joint highest tenancy length recorded by ARLA.
Over half of ARLA agents (56.9%) are seeing more tenants looking for homes than there are propert
At the same time, there has been a sharp drop in the number of lettings agents reporting an increase in properties coming on to the market because they can't be sold - from 42% at the end of 2012 to just 29% this quarter.
