We use cookies on our website to improve your experience and understand how our site is being used. By continuing to use our site, you consent to our use of cookies. For more information, please see our Privacy Policy

x
  • My LT Account
  • Buy
      • Our Services
      • London Area Guides
      • Buying News
      • Expert Buying Advice
      • Property Search
      • Register for Property

      MORE OPTIONS

      • Buying Guide
      • Stamp Duty Calculator
      • Customer Reviews
      • London Area Guides
      • Expert Buying Advice
      • About the My LT Account
  • Sell
      • Our Services
      • Customer Reviews
      • Free Valuation
      • Buying? Register for Property

      MORE OPTIONS

      • About the My LT Account
      • Contact Us
  • Rent
      • Our Services
      • London Area Guides
      • Renting Guide to Virtual Viewing
      • Expert Renting Advice
      • Property Search
      • Register for Property

      MORE OPTIONS

      • Renting Guide
      • Guide to Virtual Viewings
      • Renting Explained
      • Customer Reviews
      • Renting Brochure
      • About the My LT Account
      • Tenant Fees Information
      • How to Rent
  • Landlords
      • Our Services
      • Definitive Buy To Let Guide
      • Quarterly Buy To Let Review 2021
      • London Buy To Let Investment Guide
      • Free Valuation
      • Buying? Register for Property

      MORE OPTIONS

      • Buy-To-Let Search
      • Landlord News
      • Customer Reviews
      • Expert Letting Advice
      • About the My LT Account
  • News

      MORE OPTIONS

      • Webinars
      • Buying Property News
      • Renting Property News
      • Selling Property News
      • Buy-To-Let Property News
      • Property Tips
      • Our News
      • ALL News
  • Contact
      • Q & A - Expert Buying Advice
      • Selling? Free Valuation
      • Letting? Free Valuation

      MORE OPTIONS

      • Our Story
      • Press Releases
      • Recommend Us
      • Careers
      • Office List
      • Customer Services
      • Property Management
      • Customer Reviews
  • my LT account
  • Menu
  • Valuation
  • Buy
    • Back
    • Our Services
    • Property Search
    • Buying Guide
    • Stamp Duty Calculator
    • Customer Reviews
    • London Area Guides
    • Expert Buying Advice
    • About the My LT Account
    • Register For Property
    • Winter Property Guide
  • Sell
    • Back
    • Valuation Request
    • Our Services
    • Customer Reviews
    • Expert Selling Advice
    • About the My LT Account
    • Contact Us
    • Winter Property Guide
  • Rent
    • Back
    • Our Services
    • Renting Property Search
    • Renting Guide
    • Guide to Virtual Viewings
    • Renting Explained
    • Customer Reviews
    • Renting Brochure
    • London Area Guides
    • About the My LT Account
    • Tenant Fees Information
    • How to Rent
    • Expert Renting Advice
    • Winter Property Guide
  • Landlords
    • Back
    • Valuation Request
    • Why Choose Us
    • The Definitive Buy-to-Let Guide
    • London Buy to Let- The Investment Guide
    • London Buy-To-Let Review
    • Buy-To-Let Search
    • Landlord News
    • Customer Reviews
    • Expert Letting Advice
    • About the My LT Account
    • Winter Property Guide
  • News
    • Back
    • Webinars
    • Buying Property News
    • Renting Property News
    • Selling Property News
    • Landlord Property News
    • Buy-To-Let Property News
    • Property Tips
    • Our News
    • ALL News
  • Contact
    • Back
    • Our Story
    • Customer Feedback
    • Press Releases
    • Recommend Us
    • Careers
    • Office List
    • Customer Services
    • Property Management
    • Customer Reviews
X

My LT Account


Sign In

Forgotten Your Password?


New Customer

Easily book appointments, add property to your shortlist and many more features.

Register
Useful Links
  • About My LT Account
  • Property Management
  • Contact Us
HomeNews Renting Property News

There’s no place like home: Tenants in London stay in properties for an average of over two years

  • by Editorial Team
  • 22nd September 2017
  • Renting Property News
  • There’s no place like home: Tenants in London stay in properties for an average of over two years photo 1

ludlowthompson data supports London remaining a great place to rent for the long-term


Tenants in London are staying longer in their homes than many of their peers elsewhere in the UK, with renters staying for an average of 26.5 months in their property.

London’s pull to undergraduates, recent graduates, and people moving for news jobs is unrivalled, and its property and transport infrastructure is equally very attractive to those who want to rent for the longer term and enjoy all the capital has to offer.

Not only does London boast world-leading universities attracting a steady stream of prospective renters each year, but it continues to be the engine for economic growth in the UK.

Just recently, the latest research shows that employment in the UK hit a record high, with London seeing its fastest rate of job creation since April 2016. Employees continue to see higher wage levels than the rest of the country.

As discussed previously in our monthly newsletter, London is constantly developing its transport network. The introduction of the Night Tube in particular means people can enjoy the excitement of a 24 hour capital city while living in areas further out than they may have previously considered.

What do all these factors mean for longer tenancies? They mean that individuals increasingly and often want to remain in London for the long term, setting down roots and enjoying the lifestyle and amenities that this virbant city offers.

Long-term tenancies not only give prospective renters stability in their financial planning, but also allow them to make their property a home and their lifestyle embedded in a local area.

Importantly, long-term tenancies are a win-win for both renters and landlords as tenants can plan their cash flow going forward and landlords derive higher net returns from them.

Stephen Ludlow, Chairman at ludlowthompson, says: “Long-term tenancies mean tenants feel increasingly secure and at-home in their rented accommodation. They are choosing to live in their area – and property – for a good few years.”

“London continues to be an attractive place to rent, and its attraction is only growing with infrastructure initiatives like the cycle super highway and Night Tube rapidly increasing in capacity.”

“The introduction of the Night Tube has meant places in zones 3 and 4, such as West Acton and South Wimbledon, are now being considered more by young professionals as they can access the employment market and enjoy the nightlife of the city at affordable market rents."

Long-term tenancies mean tenants feel increasingly secure and at-home in their rented accommodation. They are choosing to live in their area – and property – for a good few years


Share this article
  • Share on Facebook
  • Share on Twitter
  • Share on Linked In

More Renting Property NewsNews

  • What to do when leaving a property

  • What’s updated in the new How to Rent Guide?

  • Live sustainably and save money with our renting tips

    Sustainable living is possible in rented accommodation – here’s how

  • How to secure a property in a competitive rental market

  • Life returning to normal in London, creating opportunities for landlords

  • »
    More
    Renting Property News

Free & Instant
Property
Valuation

In Just
60 Seconds

Start Valuation

Other top stories

Improving the cycling commute in Finsbury Park and beyond
Photographs matter
The enduring power of the human touch in real estate
ludlowthompson celebrates turning 30
Exploring the resilience of the property market amidst economic challenges

Categories

  • Buying Property News
  • Renting Property News
  • Selling Property News
  • Landlord Property News
  • Buy-To-Let Property News
  • Property Tips
  • Our News
  • Webinars

News Archive

  • 2023

    • Feb
    • Mar
    • Apr
    • May
    • Jun
    • Jul
    • Aug
    • Sept
  • 2022

  • 2021

  • 2020

  • 2019

  • 2018

  • 2017

  • 2016

  • 2015

  • 2014

  • 2013

  • 2012

  • 2011

  • 2010

  • 2009

  • 2008

  • 2007

  • 2006

FREE & INSTANT PROPERTY VALUATION

IN JUST 60 SECONDS


Start Valuation

ABOUT US


  • Our Story
  • Press & Media Centre
  • London Buy-To-Let Review
  • Recommend Us
  • Careers
  • London Estate Agents

LONDON PROPERTY NEWS


  • Landlord Property News
  • Buying Property News
  • Renting News
  • Selling Property News
  • Our News
  • Webinars

PROPERTY TOOLS & TIPS


  • Stamp Duty Calculator
  • Expert Property Advice
  • Rss Feeds
  • Landlord Fees Information
  • Tenant Fees Information
  • Vendor Fees Information
  • Purchaser Fees Information

SAY HELLO


  • Find My Nearest Office
  • Property Management
  • Customer Services
  • Client Money Protection Certificate
  • Client Money Protection Scheme Rules
  • Follow us on Twitter
  • Like us on Facebook
  • Keep up with Ludlowthompson on Linkedin
  • Follow us on Instagram
  • Follow us on Youtube
  • TPOS (The property Ombudsman)
  • Consumer Codes Approval Scheme.
  • NAEA ( National Association of Estate Agents )
  • ARLA ( Association of Residential Letting Agents )
  • Investors In People | Gold
  • All Agents - Best Transparent Agent fo the year 2018

©2023 ludlowthompson.com. All Rights Reserved

Built with passion by Fusion Advertising & Design

Back to Top
Privacy Policy Site Map