As a London agent, we find that buyers and investors take a long-term view, recognising that the capital is unique in its position as an acknowledged safe long-term investment. As last week’s figures from HMRC show, landlords have not been put off from entering the sector. Tenants too are choosing to stay put for longer; our average tenancy is 18 months, but this year we’ve already seen an increasing number of three- and five-year rental agreements. Dexters are averaging 12% of tenancies being let out on three-year leases.