How far do tenants move?

In this article we illustrate how far tenants moved home pre pandemic and we speculate how far they may move post pandemic

Dataloft Rental Market Analytics allows us to understand the movement of tenants. Pre-pandemic a quarter of tenants moved less than 1 mile and 5% moved from overseas, will the patterns change?
In the UK 25% of tenants move less than 1 mile, the North East has the highest proportion of local tenants, 32%. In the UK 24% of tenants move over 25 miles, the North West is the most footloose region, 32%.
In the UK 5% of tenants move from overseas compared to 9% in London. Covid-19 could cause a short-term drop in overseas renters.
Post-pandemic we may see a shift in renters movement; 58% of agents believe properties in urban areas will be less enticing and 74% believe there will be a shift in demand for properties close to green space (Source: Dataloft Rental Market Analytics, Royal Institution of Chartered Surveyors).

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