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ARLA: London 2012 - The Big Fat Olympic Rental Myth

May 30, 2012

The majority of Londoners keen to cash in on late demand for the Olympics this summer are likely to remain disappointed, according to Edmund Cude, London's oldest lettings specialist and ARLA member. Many Londoners have had their hopes raised by letting agents offering unrealistic rent levels. With 350,000 visitors a day expected in London during the Games (compared with Sydney at 97,000 and Beijing at 235,000), many homeowners are considering a last minute escape with the chance to cash-in on this huge influx of tourists by letting out their homes.
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