London Olympic Rentals Heating Up Fast

For the last several weeks the whole of the UK has concerned itself with the task of distributing and obtaining tickets to the select few events that still evaded being obtained by most Londoners. Now it seems that the focus has finally shifted to the task of finding accommodation for these said events.

With most hotels already booked, people are turning to a different means of having a bed to sleep in and a roof over their heads. Private accommodation! It’s a wonderful and easy way to get a lot more space and in a lot of cases a nicer pad than a hotel offers.

Rent for the Games has been seeing prices as high as three times the normal weekly asking rate, however reports are circulating that rates up to six times the normal are to be expected. Not unlike the scene in Vancouver during the 2010 Winter Olympics where they had over 1200 properties on their website.

“Family and friends of athletes have already been in touch looking for accommodations for up to forty people – they are experienced in this, they know to go for a home and not a hotel.” said Tomas Williams, Marketing & Sales Coordinator at Rent for the Games.

With several websites competing for your home to list on their page, it’s important to make sure you know what the fees are; ranging from 20GBP to 150GBP on some websites; it’s also important to ask about commissions, these websites will charge to list the property and will then want a percentage of the total revenues, but if you’re charging six times more per week than you normally would 20% isn’t that much of a commission.

Once you know the terms of putting your house up on a website, do a bit of research and find out what it’s worth to make sure you get what you want for it. And be quick, these things tend to go in waves, Tickets are over, we’re on to Accommodation, this too will come to a conclusion very soon and there won’t be much left.