London Olympics triggers record rent

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A seven-bedroom house in London’s upmarket Mayfair district will likely set a British record rent of 433,000 pounds ($678,400) per month as landlords cash in on demand for space during this summer’s Olympic Games. The house has a floor space equivalent to three and a half tennis courts spread over three floors and includes a swimming pool, cinema and seven bathrooms. It can be also rented for 100,000 pounds a week. In addition to a six-bedroom flat near the Harrods store in Knightsbridge that is for rent at the same weekly sum, it is the most expensive home on the findaproperty.com website, which displays houses being marketed by major estate agents.