Lettings around Central London on the Rise; Study Reveals

Based on some brand new research, the rentals market in London has a soaring demand that has triggered many houses being purchased in record times. 

 

Findings by a London lettings agency reveal that rental houses are now being let in of average 12.7 days which is a drop from 13.5 days at this time last year. 

 

The survey found that in certain parts of the country, properties are coming to the market and are getting let within hours. This means that the competition for leasing agents in london for renting tenants really is intense and that the scramble for properties in the Capital by budding investors is overwhelming. 

 

Further results showed that 5 tenants are competing for each and every house which is the same as the 2nd quarter in 2011 yet this figure has risen to 7.3 tenants for almost every house, in the West Midlands region.

 

These findings echo the Bank of England’s latest Trends in Lending report which reveal that there's a surge in buy-to-let mortgages, as people and also overseas property investors seek out refuge within the London property market. 

 

www.brlets.co.uk can verify that London is continuing to attract large numbers of property buyers thanks to its track record of high rental demand, political stability and capital growth. The strong demand for leasing properties has extended well in to the autumn months therefore it's essential for property investors to choose the right lettings agent. And with well over 285,000 international university students studying in London and boosting the private rental market, landlords could cash in fast.