The number of private rental sector viewings across the UK has risen 14 per cent in the past year, with a particularly dramatic 22 per cent rise in London.
The figures come from Sequence, the umbrella name for 300 branches trading under 11 local lettings agency brands including Allen & Harris and William H Brown.
Sequence claims that the number of new tenancies across the UK is up by 13 per cent annually, producing a ratio of viewings-to-agreed-tenancies of 7.1:1.
In London the larger surge in viewings produced an 11 per cent rise in the number of new tenancies, creating a viewings-to-new-tenancies ratio of 10.6:1.
“Buy-to-let mortgage registrations remain high, up 17 per cent annually, and we’re now seeing the tangible effect of a buoyant mortgage market with an increase in new properties for rent. The increase in the supply, up six per cent annually, is being met with a rise in new tenant applications, which represents a very healthy and balanced market” claims Sequence’s head of lettings, Stephen Nation.
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