10
Jun
Property for sale in London 'could make good investment'
People who are seeking to invest in real estate as rental offerings
may be well advised to choose the English capital as the place to
buy.
According to Kate Stinchcombe Gillies, head of communications at
holidaylettings.co.uk, the city is one of a number of locations
that has high demand for accommodation among holidaymakers.
This means that property for sale in London could be profitable for
those keen to engage in vacation lets.
She said: "Currently, locations where demand for holiday home
accommodation outstrip the supply of accommodation available to
paying guests include: Paris, New York, London [and] the
Cotswolds."
Ms Gillies also noted that holiday homes which are rented out do
not just benefit their owners but also those who use them as they
are often cheaper than staying in a hotel.
Indeed, 60 per cent of holidaylettings.co.uk's UK homes are already
booked for the first week of August.
