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  • Buy-to-Let

    Time to let a property falls to record low!



    It took an average of just 20 days to let a property between January and July this year according to a survey by Countrywide’s high-end brand Hamptons International.

    This is three days quicker than in the first seven months of 2018 and the quickest time on record, says the agency.

    Every region recorded a fall in the time it took to let a property, with London reporting the biggest year-on-year decrease.

    It took 19 days on average to let a home in the capital during the first seven months of the year, six days quicker than during the same period in 2018.

    Falling stock levels - down five per cent so far this year - combined with increasing applicant demand of 5.6 per cent have caused the fall.

    The South West and East Midlands were the quickest regions to let a home, each took 18 days on average.

    By contrast during the first seven months of the year it took 24 days on average to let a home in the North East, although this was four days faster than the first seven months of 2018.

    Full/source article

    It would be interesting to hear how PT members are finding things in their local area ...

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