Olympic Games to bring in 23,000,000 GBP for the private rental sector

28 October 2011

Londoners looking to rent their spare rooms during the Olympics could collectively make £23,000,000, according to the Independent.

Research collated by Big Yellow Self Storage has indicated that 23,000 home owners have at least two bedrooms that aren’t used regularly.

It has been estimated using government data that these spare rooms can be rented out for £1,000 per week.

Those looking to rent rooms on a short term basis are advised to contact their local letting agent in addition to speaking with their mortgage lender and insurance company.

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