Serviced Apartments in London Carving Their Niche in Market SUMMARY: Corporate all across the UK and from other

countries are constantly lo oking for economical yet classy accommodation options for their business travels which are not for too long a duration. Well maintained serviced apartments come to their rescue when all criteria are to be met. Costs of residential properties have been fluctuating since the past few months and UK & international corporate have been continually looking to control expens es, especially in the long term accommodation options in London. However, at thi s time the serviced apartment sector in London is offering a very promising alte rnative to the clich hotels. Despite the increasing fondness for serviced apartments, there is major supply g ap according to research undertaken by leading short-lets service provider. Maki ng the research more evident is the fact highlighted that London has a prospecti ve capability for 16,300 units, which means an addition of 200% more serviced ap artments to the current supply in market. According to the leading Short Let Service Provider (www.short-let-apartments.co m), The existence of the deficit in supply of short term accommodation becomes appa rent given the fact that the number of their usual users, i.e., corporate or bus iness visitors is higher and increasing as against the availability of short-let s required. Researches also show that New York and Hong Kong have 5.2 and 5.3 units per 1,00 0 visitors respectively while London has just 1.2 units. Interestingly, the occu pancy of these short-lets has surpassed that of the hotel market over the last t wo years, as per analysis by the Association of Serviced Apartment Providers. In fact, the serviced apartment sector in London and the whole of UK is in its for mative years and one of the smallest markets internationally, as compared to the more established markets of the US and Asia Pacific. Although the economy is not going through the best of its time, still the consta nt effort of boosting cost efficiency of these serviced apartments over hotels h as resulted into gaining corporate confidence particularly for longer business s tays. As such the preparation for forthcoming London Olympics has been going on since long. But with the UK anticipating almost 29.4 million visitors this year, with an astonishing number of 330,000 as a direct result of London hosting the event, the serviced apartment option is a very feasible substitute offering privacy, c lass and independence to those who otherwise conventionally stay in hotels. Short Let Apartments specialises in short term accommodations in London and is p art of a property group with over 50 years' experience in the London residential lettings property market. We provide <a href="http://www.short-let-apartments.c om/">serviced apartments in London</a> to corporate clients and business travell ers and, with an extensive portfolio of fully furnished apartments on our databa se.