A micro-flat in central London has let in what agent E J Harris claims to be a record for the private rental market - just 40 minutes.
Just slightly larger than a bathroom or walk-in cupboard, the 301 square foot one bedroom flat on Pollen Street in London's Mayfair was placed on the market first thing in the morning and snapped up by the tenant - who appears happy to be paying £1,560 per month.
The tenant, who needed a home close to work, paid over £10,000 up front to secure the property, covering the deposit, a six month tenure and lettings fees. She moved in that same afternoon.
Within 15 minutes of the property's details being emailed to clients, the firm had over 200 email and telephone enquiries, and within 30 minutes five serious offers.
The speed of this deal and the battle to secure the tenancy is the clearest indicator yet to me how buoyant and hot London's letting market is at present. The tenant has a highly successful career working in the hospitality industry in the West End and needed a home nearby says Elizabeth Harris, the agency's managing director.
E J Harris says instructions have already risen this year compared to recent ones.
In a typical non-election year the company has 75 live instructions on the books at any one time; currently this has risen to 100 and the firm believes it is because of uncertainty in the sales market caused by speculation over mansion tax and other measures against owners of high value properties.