According to some completely new research, the hire market in London has got a soaring demand which has triggered many houses being snapped up in record times.

Studies by a London lettings agency reveal that rental properties are now being let for an average 12.7 days which is a decrease from 13.5 days at the same time last year.

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

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

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

www.brlets.co.uk can confirm that London is continuing to attract huge numbers of property buyers thanks to its good reputation for strong rental demand, political stability and capital growth. The strong demand for hire properties has extended well into the autumn months therefore it is essential for property investors to choose the correct lettings agent. And with well over 285,000 international university students studying in London and boosting the private rental market, landlords can easily cash in fast.