27 May

Olympics 'will boost demand' for houses to rent in London

Olympics 'will boost demand' for houses to rent in London

Property for rent in London may face increased demand as a result of the 2012 Olympics, it has been claimed.

Landlords could boost profits by letting their houses to rent in London to those attending the games, the Independent reports.

According to the newspaper, estate agents in London are already seeing rent rises of eight to ten per cent over the last year, and the event may push rates higher.

Based on what was experienced by buy-to-let investors during the World Cup in South Africa, property to rent in London may see rent rises of 200 to 250 per cent, HomeAway Holiday Rentals told the paper.

Meanwhile, Knight Frank has revealed that almost 60 per cent of new build properties sold in central London were purchased by Asian buyers.

According to the estate agent, the favourable exchange rate and London's reputation boosted demand in property for sale in London.

The capital offers strong growth potential and stable, long-term investment appeal, Knight Frank claims.ADNFCR-1222-ID-800560405-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.