Average length of PCL tenancy nears two years

The average length of tenancies in Prime Central London reached a new high of 25.8 months in Q2 2022, reports LCP, while the time taken to let a vacant property is at an eight-year low.

With fewer landlords around and workers now returning to the capital, rents are only headed in one direction, says Winkworth

Dexters says it has been agreeing 330 lets every week in January, and has 36,700 prospective tenants on its books - up 48% on last year.