Homes and Property ES have recently released figures for rental investments and below shows a quick snapshot of how quickly you may be able to find a tenant for your property, if you choose to rent it out:

• London: properties are being let within 12 days of going on to the market - four days quicker than at this time last year.
• South West: properties let within an average 13 days, with more than six tenants vying for each home.
• South East: more than five tenants per available home, which let within an average 13 days.
• North West: four renters compete per rental property.
• North: more than two tenants compete for each property.
• East Midlands: there are 2.6 tenants competing for each property.
• East Midlands: the average property is let within 15 days.
• West Midlands: more than seven tenants for each available property, which let within an average 12 days.

Source: Countrywide