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Costs down, tenancy length up in private rented sector

Responding to the English Housing Survey report on the private rented sector, David Smith, the Residential Landlords Association’s policy director, said: “The English Housing Survey dispels the myth that private renting means insecure tenancies and ever increasing costs. It shows that renters are spending less of their income on housing, at 33%, down from 34% the previous year and 36% in 2014/15, and are staying in their homes for over four years on average.

“As Ministers look at ending so called ‘no fault’ evictions the survey finds that the large majority of those who moved out of their home did so because they wanted to, either for work, a larger home or to move to a different area (72%) or because their tenancy had come to an end (8%). A further 10% moved on mutual agreement with their landlord.

“The majority (84%) of private renters also reported being satisfied with their current accommodation, higher than in the social rented sector.”

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