Tenants now stay in a tenancy for nearly three years on average, a 40% increase on just four years ago, research from The Deposit Protection Service has revealed.
Tenancies now last for 1,085 days on average, which is 179 days more than in 2024, when they typically lasted for 906 days.
It’s likely more renters are staying put to benefit from lower rents for longer, given that there’s been substantial rental growth in the past few years.
Matt Trevett, managing director at The DPS, said: “The average tenancy increased during the pandemic, largely because of emergency restrictions on moving.
“Our data show a year-on-year increase in the average number of days our tenant customers spend in a property since February 2022, when those restrictions ended.
“Difficulties in securing rentals and the prospect of paying higher rents for a new property mean that many tenants are staying put for much longer.”