Rental demand

The first quarter of 2011 has seen a staggering 51% increase in tenant demand, compared to the last quarter of 2010. Tenant demand correlates with the time it takes for landlords to let their property, with the average property let within 13 days compared with 17 days a year ago.

Additionally, the number of “small-scale” landlords has increased with those owning 1-3 properties making up 40% of the buy-to-let market.

The figures were produced by Countrywide.