Rental boom is an issue for tenants

Survey: A new study has found that the most common length of tenancy is over two years, with 18 per cent of landlords saying their average length of tenancy has increased over the past year. Only five per cent of landlords have seen the average tenancy length decrease.

The latest data from Rightmove’s Quarterly Rental Tracker shows that national asking rents outside London are rising at the fastest rate ever recorded, now standing at £1,088 per calendar month, up 11 per cent on this time last year. There are also more than triple the number of tenants enquiring than there are rental properties available.