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Sky-high rents await royal wedding tourists

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Sky-high rents await royal wedding tourists
09:45 CEST+02:00
A large number of Stockholm residents are hoping to take the opportunity to boost their incomes by renting out their apartments during the week of the royal wedding in June.

Hotel operators are also expecting full capacity during the week building up to the wedding of Crown Princess Victoria and Daniel Westling on June 19th.

Many city centre residents are now taking the chance to earn some extra cash in time for the summer holidays, with several apartments being advertised for as much as 20,000 kronor ($2,800) for the week.

Demand for hotel rooms, rented rooms and hostel beds has increased dramatically for the wedding period and many hotel operators are also taking the chance to hike their prices - in some cases by as much as 100 percent.

For many families hoping to visit Stockholm to savour the royal wedding fervour, an apartment rental is a favoured option and an increasing number of Stockholm residents are responding to the increase in demand.

On the buy and sell website Blocket.se a slew of apartments can be found for rent during the period June 14th-20th. A one-bedroom apartment on Österlånggatan in the Old Town can be had for 20,000 kronor, for example.

Stockholm is a city that has a system of regulated rents and many of the prices touted will be far in excess of what would be paid by the tenant or tenant-owner, and what would normally be permitted according to the system.

The rental regulations however do not normally apply to "holiday" rentals and so Stockholm residents, whether they own their properties as part of a tenant-owner association, or are tenants themselves, are free to set their one off rents at a price the market is willing to pay for a slice of royal wedding romance.

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