The Olympics start next month and holiday rental website HomeAway.co.uk report that booking enquiries for London properties in July and August in 2012 have increased by 695%* compared to the same period last year. They say,
Many owners advertising properties on HomeAway.co.uk have reported that they are already completely booked up, with rents between 70% to 200% higher than standard rates typically being achieved. Even with these higher rates, rentals still provide unrivalled value for money when compared to local hotels.
Properties available for rent range from smaller flats and houses in the outer boroughs and suburbs from around £1,000 per week, to large luxury houses in excess of £15,000 per week.
If you're a London homeowner, now is the time to make up your mind. Check out this handy interactive infographic which gives you an idea of Olympic rental rates in your area.
If you want to advertise your property for rent to domestic and international tourists visiting the country this summer, HomeAway.co.uk is offering a special two-month subscription advertising subscription for only £49 (+VAT)**.
Quote discount code LDN2012 when placing your order.
* based on booking enquiries for July and August 2011 from January 2010 up until the end of February 2011, compared to the same period in 2011-2012.
**Terms and conditions apply. Please see www.HomeAway.co.uk/UK2012 for details.