London Olympics 2012, boom or despair for property owners? | Features | News
In the London property market everyone seems to be expecting a boost for rental properties this summer thanks to the Olympic Games. But trying to make some extra income from the expected boom is not perhaps as straightforward as property owners might think.
There is certainly demand for accommodation for the London Olympics. Recent figures show that. For example, many owners on popular holiday rental website HomeAway say that they are fully booked with rents between 70 and 200% higher than normal.
Overall the website reckons that booking enquiries for London properties in July and August have increased by 695% compared to the same period last year.
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