65% of properties placed on the rental market are being snapped up by renters within a week of being listed, with 15% being let within just three days, according to the latest Dataloft poll of subscribers.
The proportion let in a week or less has increased from 61% when the same question was asked in January. Less than 6% of properties are currently on the market for more than two weeks, compared to 14% at the start of the year, as the rental market springs into action.
Despite a 20% decrease in demand for rented homes over the past year, there is still significant competition, with more than 15 enquiries for every available rental property. Source: #Dataloft by PriceHubble Poll of Subscribers, Zoopla. April 2024