Rise in length of tenancies

Results from a survey of 1,300 landlords by Rightmove have indicated a change in renter behaviour amidst record rents and rising household bills.

The findings show that, over the last year, 20% of landlords reported a rise in their average length of tenancy with 63% recording the average tenancy period as over 2 years. From our perspective, this will have little to no effect on the student market, and is a trend showing in residential lettings, or for tenancies intended for longer than the academic year.

63% of landlords in the survey acknowledged the increased cost of living as factors behind not raising rents, despite there being triple the number of enquiries to properties available to rent.

Further analysis also shows that the most increased factor that perspective tenants search for is to have all bills included with their property.

A new report finds that one in eight homes in Brighton & Hove are living in fuel poverty, equating to approximately 30,000 people. The council has asked for further updates on the Fuel Poverty and Affordable Warmth Strategy for Brighton & Hove, with the report due to be presented to the Health and Wellbeing Board at Hove Town Hall on the 12th July.