Blog Post

Renters planning to stay longer

Gill - Head Gillian Bell Jul 7, 2023, 14:00 PM

The average length for an initial rental contract in Q2 2023 was 12.7 months, up from 10.5 during the same period in 2019. Renters are planning to stay for longer, in part due to low levels of stock and rising rents in the open market.

Renters are looking to remain in their properties for the longest amount of time in London, where competition between renters is extremely tight.

One of the most significant proposals in the Renters (Reform) Bill is the end of fixed term Assured Shorthold Tenancies (ASTs). Renter contracts are set to be open ended, allowing more flexibility for renters. Source: #Dataloft Rental Market Analytics. Data to end of Q2 2023.

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"We would like to give a special thanks to the newest member of staff Aleaya"

- Daniel

"Yaseen was a truly amazing agent."

- Yasuhira Nomura

"It was super easy to schedule a viewing with Abbey"

- Pamela

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"I will greatly recommend. Keep up the great work"

- Josiane

"Sean is a really pleasant courteous gentleman to deal with too"

- John

"I would highly recommend Gill and the team"

- Isabelle

"I honestly can’t sing the praises of the Liverpool branch any higher"

- Phoebe