With fewer than 100 days to go to the Olympic opening ceremony there are real concerns that property owners in London and other host cities are pricing themselves out of rentals or have unrealistic ideas as to the prices to charge and the work that short-term letting entails.
It all looked so good only a short time ago. Rumours of half a million expected visitors led to initial reports of a shortage of beds, with thousands of homeowners scrambling to make up the shortfall. And this is where the ordinary householder was supposed to step in. But Miles Quest, from the British Hospitality Association says this hypothesis has proven to be fool's gold: "Greater London has 110,000 hotel beds, with a further 75,000 in the southeast, all within easy travelling distance of the Olympics," he says. "That's more accommodation available than for any Olympics throughout the history of the Games."
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