Thousands of Olympics Lets Lie Empty
By |Published On: 26th July 2012|

Home » Uncategorised » Thousands of Olympics Lets Lie Empty

Thousands of Olympics Lets Lie Empty

By |Published On: 26th July 2012|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Thousands of Olympics Lets Lie Empty

Thousands of Olympics Lets Lie Empty

Hungry landlords who removed good, reliable tenants to attempt to receive inflated rents from Olympics tourists have been left empty-handed with long void periods.

Letting agents have claimed that just a small amount of properties offered to let for the Olympics have been rented. In Stratford, there are still around 300 Olympics homes available on a short let basis, from £4,000 to £6,500 a week. The average rate for this area is £1,700 a month.1

One agent says that trying to claim high rents in the Olympics season has been “a total waste of time.” The agent also states that his agency in Chelsea, Champions, has only had one Olympic property let.1

In Stratford, letting agents Keatons have reported that from 400 landlords providing Olympic properties, only two dozen of them were successful.

Foxtons still have around 2,000 unlet properties listed on their website for summer 2012. The most costly is a six-bedroom boathouse at Canary Wharf, which will cost £60,000 a week. Their cheapest is a two-bedroom flat in Islington at £750 per week.1

1 http://old.lettingagenttoday.co.uk/news_features/Thousands-of-Olympics-lets-lying-empty

 

 

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

Share this article:

Related Posts

Categories:

Looking for suitable
insurance for your
investment?
Check out our four
covers for landlords