With only 2 weeks to go, “there’s still huge potential in renting your home to Olympic visitors” says leading lettings specialist
With only 2 weeks to go until the long awaited Summer Olympic Games, there’s still time for London homeowners to cash in on the estimated arrival of 11 million sporting fans, athletes and sponsors over the next two months.
James Davis, CEO of leading lettings specialist, Upad comments,
“At present hotels in London are charging high fees for those looking for accommodation during the Games with hotels in the Stratford area commanding up to £250 per night but with demand outstripping supply, more and more property owners and landlords have decided to capitalise on the shortage. And, even though the Olympics is just around the corner, I don’t think it is too late for landlords to offer up their properties given the fact that there will always be a surge of last-minute Olympic visitors looking for a place to rent.
“Indeed, an Olympic rental property in Covent Garden has recently become the most expensive let in the world, charging £115,000 per week and while the average Joe would not be able to command such a high price, there is still is huge potential in offering up your home to Olympic visitors as long as prices aren’t too crazy.”
UK landlords are faring pretty well right now. The market is currently booming with an increase of 6.34% in the number of rental properties advertised in the UK in Q1 2012, with 35,789 new rental homes on the market in London over the same time period according to the Movers Index published by Experian a leading global information company. However, given the general increase in demand for rental property from UK tenants who cannot afford to buy, landlords have also been benefitting from the vast opportunities for short-term lets during the Olympic Games, providing a further boost to the rental market.
For homeowners contemplating letting their properties during the 2012 Games, the team at Upad have launched a new dedicated Olympic lettings service for £199 + VAT.
For this flat fee Upad will advertise your property on Rightmove, FindaProperty, Zoopla, Gumtree and many more property websites for as long as it takes to secure your guests. You will receive applicant’s details and speak to them directly to arrange terms. Upad will help you to write a great description and even visit the property to take professional photos if you really want to achieve top dollar on your Olympic let.
With only 2 weeks to go until all eyes will be on London, act fast and contact the experts at Upad today on 0333 240 1220 or visit www.upad.co.uk for more information on the new dedicated Olympic lettings service for £199 + VAT.