How much to offer for a Beijing Apartment during the Olympics?

20Feb/12Off

How much to offer for a Beijing Apartment during the Olympics?

I'm planning to attend the Olympics this summer in Beijing. A friend of a friend has an apartment there that I can potentially rent. I'm trying figure out what a fair prices to offer them would be (the apartment is a modern two bedroom, close to the World Trade Center and CBD areas, and located about a 10 minute walk from one of the subway stations).

On the one hand I want to offer them a reasonable price.

On the other hand, I don't want to offer the current market rate (whatever that is) because my experience at every Olympics (I have been to every Summer Games since Barcelona) has been that people think they're going to make enormous amounts of money only to have prices plunge in the month before the Games as people realize they have no chance to get that rate.

In addition, I think the fact that I'm a trustworthy friend of a friend (they know where I live) merits some kind of discount.

So any ideas on what a fair offer would be?

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Tagged as: Current Market, Money, Summer Games Comments Off

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MelbourneGirl
September 7th, 2010 - 21:36

Hi there,

I’m can’t give you a number but i do know all the hotels are booked out in Beijing and the rates for renting apartments during that time are VERY high….

High volume of people are expected because a lot of Chinese people are returning, taking out a lot of the housing/hotels….
pekin1907
September 9th, 2010 - 14:11

Not less then Euro 500 per day/flat
Mr. W
September 11th, 2010 - 19:33

the links below should give you a good idea of what to pay