1. 2010 Vacation Rental Market Report Intro
The London vacation rental market saw a continued rebound from the recession experienced during 2008 and 2009. Prices of vacation rental apartments climbed slightly though this resulted in a slightly lower number of overall bookings. Vacation rentals in London continue to be a great value compared to hotels and with plenty of larger apartments available in London including 2-bedroom and 3-bedroom rentals, there are plenty of options for most size groups visiting London.
The 2010 2nd half and full year London Vacation Rental market report looks at the pricing, neighborhoods, types of apartments rented and lengths of stay. New York Habitat has been offering vacation rentals in London since 2002 and offers properties from 1 night to 1 month. The report includes data from 2008 and 2009 for comparison purposes. Additional data can be found in past reports on the London Apartment market Report website.
Some of the main trends affecting the London Vacation Rental market in 2010 included:
- Renewed growth in the worldwide travel market brought more customers to London in 2010
- A more stable pound compared to previous years. With fewer fluctuations customers were less worried about prices going up before their arrival and made visitors less worried about booking in advance.