Loot Launches Property Rentals Site for London Olympics

London (I-Newswire) July 14, 2011 - Londoners could make up to £450 a night by renting out their homes to visitors during the Olympics.

As hotel prices skyrocket ahead of London 2012 many sports fans are looking for alternative places to stay. Those who live in London or around other Games sites could make a windfall by renting out their homes to visitors.

Loot has launched a website to help residents list their homes quickly and easily. Loot2012rentals.com includes guides on how to write an advert, what prices users can expect to charge, advice on how to prepare your home, and even contains links to downloadable legal forms for renters and residents.

Some Londoners will be renting out spare rooms and couches, while others are making the most of the windfall by renting out their whole apartment or house while they go away on holiday. It’s estimated that studio apartments will go for up to £100 per night, while four bedroom houses can charge up to £450 per night. Those in the desirable areas near Olympic sites may go for even more.

The homestay phenomenon took off at the Vancouver Games and picked up momentum in Beijing. Visitors enjoyed the lower prices and the more authentic experience of visiting another country, while residents took the opportunity to make some extra money.

“We are very excited about the launch of this new property service for both existing and our new customers,” said Paul Cox, CTO. “Users can expect to see lots more innovative new developments to help them buy and sell, both in print and online.”

Loot2012rentals.com doesn’t charge commission. Users simply make a one-off payment for their ad, which will be published until September 2012, or until users choose to take it down.

www.loot2012rentals.com

Notes to editors
Loot Magazine was launched in 1985 and was the UK’s first free ads paper. It has 26 years’ experience of helping landlords and tenants find each other. Loot2012rentals.com charges no commission. It takes a one-off payment for the listing, and will publish the advert until September 2012, or until the user chooses to take it down.

Contact
2012rentals@loot.com
0208 900 4210

About Loot Ltd:
Loot Ltd has been running since 1985 and is the free ads paper. It's free to advertise, in print and online, in 470 sections (no trade). Loot 2012 Rentals helps put visitors and residents in touch to arrange a homestay over the summer of 2012.

Company Contact Information
Loot Ltd
Valerie Heslot
Suite A, 1 Lindsay Street
London
EC1A 9HP
Phone : 02089004210