Blog Post
How far do tenants move?
Gillian Bell
Jul 8, 2020, 13:00 PM
Dataloft Rental Market Analytics allows us to understand the movement of tenants. Pre-pandemic a quarter of tenants moved less than 1 mile and 5% moved from overseas, will the patterns change?
In the UK 25% of tenants move less than 1 mile, the North East has the highest proportion of local tenants, 32%. In the UK 24% of tenants move over 25 miles, the North West is the most footloose region, 32%.
In the UK 5% of tenants move from overseas compared to 9% in London. Covid-19 could cause a short-term drop in overseas renters.
Post-pandemic we may see a shift in renters movement; 58% of agents believe properties in urban areas will be less enticing and 74% believe there will be a shift in demand for properties close to green space (Source: Dataloft Rental Market Analytics, Royal Institution of Chartered Surveyors).
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