More potential tenants than properties in London

Letting agents are reporting there are significantly more potential tenants in London than available properties. According to the Association of Residential Letting Agents (ARLA), 82% of its members reported a higher demand for properties in 2011 than could be met. In the whole of the UK that figure falls to 74%. According to ARLA the number of landlords buying property has increased from 9.3% to 16%.