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Tenants Preferences With Regards Location

These are interesting statistics collected by Dataloft Rental Market Analysis. If you are a landlord with a number of properties in Nottingham or Mansfield, you may find that your tenants may want to move from one of your properties to another if they want to stay within a specific geographic location.

  • 26% of tenants moved within a mile of their previous rental property in 2020, and over two thirds (69%) stayed within ten miles.
  • As renting is more flexible than ownership, some households use it as an opportunity to get to know a new area. In fact, 27% of tenants moved more than 10 miles in 2020.
  • The number of tenants moving more than 10 miles reduced by 6% in 2020 compared to 2019, perhaps reflecting a preference to stay close to friends, families and established neighbours during the pandemic.
  • 5% of tenants in England and Wales moved from overseas. London is the most popular region, with 10% moving from overseas in 2020

It is good news for landlords that have good tenants that they want to retain. The tenants may move because they want a bigger property or they may want to move closer to work, friends or family. These stats show that having a mix of properties in a good location is a good way of retaining good tenants.

If you rent property in Nottingham or Mansfield and would like some support with managing your properties, please do contact us by calling 0115 704 3163 (Nottingham) or 01623 277115 (Mansfield). Alternatively, you can email us via our contact us page – click here.

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