An independent report estimates the number of daily visitors to London during the 2012 Games will be around 5.5. million. Of those around 450,000 will stay overnight. That's a lot of people trying to squeeze into a very limited number of overpriced hotels.
But many UK home-owners have spotted an opportunity to make money by renting out their homes. Perhaps this is not surprising, especially in London where many residents of SW19 make thousands of pounds every year renting out their posh pads to fans and players during the Wimbledon tennis tournament.
The website that lets you rent out your property during the Olympics
www.rentduringthegames.com is a website that helps you rent out your property during this summer's Olympics. The website works like a dating agency – it just puts the tenant and landlord in touch with each other. Obviously there are no guarantees you’re going to get on but put in a little leg work and you could earn some extra cash, and perhaps leave the Olympic bedlam behind and go on holiday.
How much could you earn?
Telegraph reporter Leah Wild posted her four-bedroom semi-detached at Elephant and Castle, which is not particularly close to the Olympic site, for a cost of £25. Within a week of advertising she had let her house for £2,995 a week. for all 3 weeks of the Olympics. That's almost £9,000 for an initial outlay of £25! Her full article can be found here.
So if you want to earn some serious money while the Olympics are on your doorstep then it couldn't be easier.