The latest investigation from Cover4LetProperty Over half of tenants in the private rental sector stay in their rented accommodation for a period of five years or more.
These surveys are conducted bi-annually from March 2013 to September 2016 and this is the eighth edition.
Longer tenancies
59% of renters said they have been in the same property for more than five years, which was unchanged from one year ago.
In October 2013, 15% of males had lived in four or more properties in the last five years, in comparison to 8% of females.
October this year has revealed that only 8% of males and 5% of females have lived in more than three rental properties, which suggests in tenants are staying put for longer.
Tenants tending to rent for longer
79% of respondents said that opted to rent long-term, representing a rise of 15% over the last 12 months.
15% of existing renters intend to buy their own property within the next six months, down by 18% in the same period. 29% said that hope to buy in the next few years.
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