Based on some brand new research, the rentals market in London has got a rising demand that has resulted in a lot of properties getting snapped up in record times.

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

The survey learned that in some areas of the country, properties are coming onto the market and are being let within hours. This means that the competition for leasing agents in london for leasing tenants is really intense and that the scramble for properties in the Capital by potential investors is overwhelming.

Further results showed that five tenants are competing for every single home that is the same as the second quarter in 2011 but this figure has risen to 7.3 tenants for each and every home, in the West Midlands region.

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

www.brlets.co.uk can verify that London is continuing to attract large numbers of property buyers due to its track record of high rental demand, political stability and also 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 over 285,000 international students studying in London and improving the private rental market, landlords may cash in fast.