This was a 16% increase since the start of the year, according to Countrywide.
June saw the sharpest increase with over 18,000 new tenants registering – the highest number in a single month since records began – which was 22% more the previous month.
The rise in demand is a sharp contrast to the fall in the number of new properties being offered, which has fallen 6% in the last three months.
Countrywide’s lettings division surveyed its UK network of 211 branches to track key market trends, which help more than 50,000 landlords and tenants every year.
The survey findings also revealed that the government’s increase in capital gains tax does not appear to have deterred new first time landlords coming to the market, which has increased by 6% since the last quarter.
Fears that London landlords would be hit most by capital gains tax appear unfounded with a 4% increase in new landlords letting their properties.
See 50,000 new tenants enter market – Buy-to-let – Mortgage Introducer UK for original article.
By Chris Jamieson
