Increase in rental demand

275,000 new tenants registered for private rental accommodation last year, a 24% increase on 2010, according to UK letting agent Countrywide. The letting agent saw a 35% increase in enquiries in London and a 22% increase in the North and Scotland.

Marketing periods have reduced with increased demand with the average time it takes to find a tenant dropping to just of just 13.5 days.

The letting agent also reports an increase in the numbers of families entering the private rental market.

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