Based on some completely new research, the rental market in London has got a rising demand that has resulted in many houses getting snapped up in record times.

Findings by a London lettings agency show that rental properties are now being let in of average 12.7 days that is a drop from 13.5 days at the same time last year.

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

More results concluded that five tenants are competing for each and every house that is the same as the 2nd quarter in 2011 however this figure has risen to 7.3 tenants for almost every house, in the West Midlands area.

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

www.brlets.co.uk can verify that London is continuing to get big numbers of property buyers due to its track record of strong rental demand, political stability and also capital growth. The strong demand for hire properties has extended well into the autumn months therefore it’s essential for property investors to choose the right lettings agent. And with well over 285,000 international college students studying in London and improving the private rental market, landlords may cash in fast.