Sunday, April 22, 2012
Boohoo, they own property but nobody will give them money
Many people hoping to let their homes for the Games are likely to be disappointed. With fewer than 100 days to go to the Olympic opening ceremony there are real concerns that property owners in London and other host cities are pricing themselves out of rentals or have unrealistic ideas as to the prices to charge and the work that short-term letting entails. "There are so many properties available, we're getting silly [low] offers from potential tenants at the moment," says Mike Malloy at Martin & Co letting agents in Wanstead, east London, about two miles from the Olympic Park.