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Short term lets prove lucrative as ‘staycation becomes ever more popular’

Demand for short lets in London has surged in recent months, with many people attracted to the fact that private property can offer a more personal and comfortable experience than a serviced apartment or hotel.

Some hosts in London are making £6,894 on average letting out their homes for just 63 days a year, according to Airsorted.

Data analysed by Airsorted reveals that two-in-five Londoners using the host management platform are part-time hosts. 

This group includes those letting out their properties for up to 90 days, and range from those renting their homes while away on short city trips to those relocating to new cities.

Airsorted reports that this year’s summer staycation searches and bookings were up by third.

James Jenkins-Yates, founder and CEO of Airsorted, commented: “Londoners are truly a transient bunch. With greater strides in flexible and remote working, the city’s residents are seeking opportunities to see the world and using their properties to fund their exploration. And, it turns out that Londoners are still excited to visit new parts of their hometown, as the ‘staycation’ becomes ever more popular.”

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