Traditionally there has been a simple choice for companies with accommodation requirements in Canary Wharf - Long lets (6 months+), short let serviced apartments (more expensive than long lets but include utility bills and cleaning) and hotels. A relatively new addition to the mix is the growing market for short let apartments. The market is not restricted to Canary Wharf. Movello recently let 6 apartments at Capital East in the Royal Docks to a well known Canary Wharf bank who were bringing overseas staff to London. The staff would traditionally be put up in hotels for up to a month while they were undergoing their training. The bank worked out that by taking 6 apartments instead of 12 hotel rooms they would make a significant saving at the same time as offering their staff much more spacious accommodation for their stay in the UK. The most popular type of apartment for short lets is new build apartments close to public transport. If you are a landlord who has recently completed on a new apartment, the option of renting short term can be very attractive. Short term rents are traditionally 50-100% higher than long term rents. Estate agents fees for short term lets are higher but this is more than made up by the increase in rent. This really is a win win situation. To speak to the Movello short let team directly call 020 7473 9535 or visit www.movello.com.