Does easy access to transport encourage tenants to stay for a longer amount of time?
- There may not be a train line to the North Pole yet, but with the country returning to pre-Coronavirus normality, people commuting via public transport is on the rise again.
- A shorter commute is important in a property for close to two-thirds of renters and more than a quarter state they will rent for longer if there is easy access to public transport.
- This year there were 24 stations in Great Britain with more than 10 million passenger entries and exits. Two years ago there were 43.
- The UK Government estimate that taking a train instead of a car for medium-length distances would cut your carbon footprint by 80%.
Source: Dataloft, Property Academy Renter Survey 2022, HomeLet Renter Survey 2022, ORR, 2022, Department for Business, Energy and Industrial Strategy.
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