Corporate housing is any sort of accommodation that offers furnished housing for temporary stays. The name is derived from the fact that companies use this form of housing mainly to house employees for a temporary period of time with the aim of minimizing the cost associated with accommodation in hotels. This form of housing is ideal for corporate professionals travelling to another state for business or to house contract workers and temporary employees.
If you are planning to move to London for a temporary stay, here are some facts about corporate housing in London you need to know.
When is it Appropriate to Use Corporate Housing?
Many business executives, temporary workers, students, vacationers and visitors to London often use corporate housing from time to time, especially when it is appropriate to commute to. You can consider using corporate housing if you are in London for a conference or a contract project that will last a couple of weeks to a few months. You will be pleased with the service you’ll receive and would find this option totally worth your consideration if you need short-term rental accommodation in London on short notice.
How Much does it Cost?
As with any other form of rental accommodation, it will depend on where you will be staying, the length of your stay, and the size of the unit you will choose. Typically, corporate housing in London will cost more than renting an unfurnished unit long-term. Additionally, the longer your stay, the cheaper it will cost. Most corporate housing providers offer monthly, weekly, and daily rates with the rate going down as the length of stay goes up. The size of the unit also determines what you will pay and smaller units will generally cost less than larger units. The location will further determine the price. Units that are closer to the center of town will cost significantly more than units located further away.
How Do You Find Corporate Housing?
The best approach is to use search engine tools and narrow down your search terms by adding the name of the city. Remember that smaller companies tend to offer the best rates, but ensure you check the record of the company to see if it is reputable and reliable.
In a nutshell, finding corporate housing does not have to be a hassle if you know what you are looking for and where to look. You will have to consider things like the length of your stay, the size of the unit, the distance of the unit from the city center, and whether the provider is a reputable property investment company in London.
