10 Jun

Property for sale in London 'could make good investment'

Property for sale in London 'could make good investment'

People who are seeking to invest in real estate as rental offerings may be well advised to choose the English capital as the place to buy.

According to Kate Stinchcombe Gillies, head of communications at holidaylettings.co.uk, the city is one of a number of locations that has high demand for accommodation among holidaymakers.

This means that property for sale in London could be profitable for those keen to engage in vacation lets.

She said: "Currently, locations where demand for holiday home accommodation outstrip the supply of accommodation available to paying guests include: Paris, New York, London [and] the Cotswolds."

Ms Gillies also noted that holiday homes which are rented out do not just benefit their owners but also those who use them as they are often cheaper than staying in a hotel.

Indeed, 60 per cent of holidaylettings.co.uk's UK homes are already booked for the first week of August.

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