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YOU’LL NEVER BELIEVE NUMBER 87
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Average tenancy lengths are rising. The average stay in a rented property is now 4.3 years. This is up from 4.1 years detailed in the 2017/18 EHS, and up from 3.9 years in the 2016/17 version of the report.
After staying the same for the last three years, the Bank of England decided to use its December 2021 meeting to start raising the interest rate from its record low of 0.10%. The widely predicted move comes as inflation continues to rise – something monetary policy makers hope to stop.
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