The Average Tenancy is Now Three Years
By |Published On: 11th June 2015|

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The Average Tenancy is Now Three Years

By |Published On: 11th June 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

The average tenancy length is now almost three years, an industry report reveals.

Property consultancy Allsop’s fifth annual Rent Check report states that the average tenancy length is 2.7 years, up from 2.5 years recorded in autumn 2014.

The Average Tenancy is Now Three Years

The Average Tenancy is Now Three Years

Allsop conducts the Rent Check, which surveys more than 2,000 landlords, in partnership with BDRC Continental, the UK’s largest independent market research consultancy.

Some of the main findings are:

  • 38% of landlords said that tenant demand has risen in the last three months, down 4% on last autumn.
  • 26% of respondents expect rent growth in the next six months, down 2% in the same period.
  • 14% of landlords bought at least one property in the three months to March, down 1%.
  • 29% plan to purchase at least one property in the next year, up 2% on autumn 2014.
  • 8% hoping to buy expect to buy a new build property.
  • 4% have lowered rents across their portfolio in the past 12 months, down 1%.

The report also uncovered average monthly rents in all UK regions. The highest for a two-bedroom flat in the first quarter (Q1) of 2015 was recorded in London Zones 1-2 at £1,595 per month, an annual increase of £75.

The Rent Check found that the average monthly rent on a three-bedroom house rose in most regions during Q1.

However, declines were recorded in four regions. The greatest were annual decreases of £65 in London Zones 3-6 and £50 in the North East.


About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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