The length of tenancies is growing as 25% of all households will be living in rented accommodation by 2025.
Twenty percent of all households will be living in private rented properties by 2025. The average tenancy length in the UK is getting longer.
Your Move reported that in London – which has almost one-fifth of all rental properties in the UK – the average tenancy length is 20 months, but that in the south-east and across the commuter belt, tenancy lengths are much longer.
The shortest tenancies in the UK were found in the south-west (15 months), where the average rent has fallen to £664 a month in June 2017 from £684 in June the year before.
Meanwhile, separate research from the Corporate Client Department of LSL is predicting that one-quarter of all UK households will be private tenants within eight years.
According to the latest English Housing Survey, the proportion for the year 2015/2016 was 20%, representing 4.5m households. The figure equates to a growth of 2.5m households since 2000.