The average tenancy length currently stands at two years and eleven months – an increase of 155 days over last year, and more than nine months since 2021.
In our latest Private Rented Sector Review, tenants told us rising rental rates, the expenses associated with moving, and the availability of suitable properties are all contributing to them staying in their current properties.
Also potentially contributing? A year-on-year decrease in the number of rental properties coming onto the market, as well as high mortgage rates and purchase prices for those that might have considered home ownership.
All of these factors seem to be contributing to why tenants are staying in their rentals longer.
Rising cost of the average deposit*
*Source: MHCLG - TDP Six Monthly Report March 2025