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8th Apr 2012 5:42pm | By Clare Vooght
Nearly a million people are expected to arrive in London to watch 17,000 athletes at the Olympics this summer – plus there are thousands more flooding here from around the world to work at the Games.
Hotels are booking up fast and as a result savvy Londoners are offering their homes to rent for very attractive sums. If you’re going away or have another place to stay, it makes sense to get involved, too.
How much can you make?
It all depends on your property – people look to rent near the Olympic sites, but also in proximity to central London so they’re close to action, says Claire Whisker, the founder of London homestay provider Vive Unique.
“Dalston is an obvious choice, but Islington is also really popular because you’re near the Games and still in Zone One,” she says.
But you can still make a buck if your place is out west, because many won’t mind the journey.
A four-bedroom house close to the Olympic Park can go for £400 a night, says Whisker. One client, William Roberts, a 34-year-old lawyer from Queensland, is letting his two-bedroom Bermondsey flat out for two weeks at £4720.
Selina Hoare, 34, an editor for a legal company, who has a three-bedroom apartment in Shepherd’s Bush, uses Home Away to rent her property. She says: “I’ve got one week booked for the Olympics for quite a silly price – I’m making £3500.
It’s insane not to do it if you like holidays and you go away a lot. It means I can go
on holiday a lot more.”
Next: Is it for you?