Longer Lasting Tenancies

26
Oct

Tenancies are lasting longer and landlords are increasing their portfolios as the private rental sector continues to grow, according to the National Landlords Association.

The research shows that 54% of tenancies are now lasting between two and three years, and 32% last longer than four years. It also showed that 10% of landlords had added to their portfolio in the last quarter, compared with 8% in the previous quarter.

A total of 22% said they would look to purchase more property in the coming year.