After the recent slump in the property market, hotel accommodations are no longer the only option you have when visiting London. London vacation apartment rentals are now the most preferred choice for most travelers because it is cheaper and easier to book. Property owners in London are taking advantage of the boom in short stay rentals by subletting their properties.
What is a short stay rental or short let? A short let is a house or apartment that anyone can rent on short notice. The period may range from a week to several months. The house comes fully furnished with high-quality furniture and fixtures. Rental is usually inclusive of utilities except for communication utilities.
Property owners are facing a difficult challenge leasing their properties due to the effects of the decline in the property market. Another challenge they have to face is the influx of the number of properties available for lease Short stay rentals London based property owners are now leasing their properties to travelers and locals to augment the decline in long-term leasing. Short-term rentals give them the flexibility to earn extra income while their property lies idle or awaiting long-term tenants.
Who uses short stay accommodations? There are more people leasing properties on short-term contracts rather than long-term. Business travelers, family groups, and a few celebrities are among the list of people who prefer using short stay properties. Business travelers find it more convenient to use London vacation apartments rather than hotels. You can conduct meetings and business presentations without the added stress of booking a lounge or conference room.
Family groups find short stay rental properties more cost effective than staying in a hotel family room or a hotel penthouse. Hotels usually charge per head while short stay rentals charge you per unit or per house. Another benefit is the use of the entire property and all its amenities without sharing it with strangers. Some celebrities usually prefer using vacation apartment rentals because it gives them more privacy than a regular hotel would. They can enjoy their vacations without being hassled by the paparazzi or by fans who may easily gain access in hotel rooms. London locals also use short stay rentals when they are in between moves or renovating their house. Rather than stay in a hotel, they usually lease properties on a short-term basis. Short stay rentals London booking is what property owners foresee as an answer to the challenges they face ahead.