When a house that normally rents for £500 a week can find a tenant willing to pay £16,000 for a nine day let, it is a sure sign that there is big money in town.
The town is Cowes, in the Isle of Wight, and the money arrives with the annual Cowes Week sailing extravaganza. Sailors, socialites and the super-wealthy descended on the island this week for the 191-year-old sailing event which culminates on Saturday with a black tie champagne and cocktails awards party.
Many have paid huge sums to secure the best accommodation close to the action on the Solent and the socialising in the marina.
One sailing team has spent £16,000 renting a seven bedroom house for the event. The Anchorage, an ivy clad former B&B, has been let to the Adriatic…
Read the full article at: https://www.theguardian.com/money/2017/aug/04/cowes-week-sailing-extravaganza-spawns-a-renting-boom-in-isle-of-wight
