20% of flats in Prague's Old Town offered on Airbnb

20% of flats in Prague's Old Town offered on Airbnb

Published at: 2018-11-12 10:45 | Author: CIJEurope.com
There are more flats being offered for short-term rentals in central Prague than there are classic rental units. A study commissioned by Prague's Institute for Planning and Development (IPR) found that 1.4 percent of the 650,000 flats in Prague are being offered on Airbnb, a figure that jumps to 20 percent in the Old Town. Elsewhere the figures aren't as dramatic (4.9 percent in Karlin, 3.2 percent in Vinohrady, +10 percent in Malá Strana and Josefov) as the study found that 40 percent of all Airbnb offerings are in the historic center. But there's growing concern over the impact the company is having on rent levels. And with just 20 percent of all units offered on Aibnb actually occupied by their owners, the label of "flat sharing" no longer seems accurate.

Similar Stories:

SC California Holding opens Mandachi Hotel & Spa in Suceava
SC California Holding SRL has opened Mandachi Hotel & Spa in Suceava. The hotel, the f  »
Blue Lagoon will invest €300m in Croatia in 2019
Blue Lagoon is planning to invest more than €300m in 2019 in various projects in Croatia  »
CEE hotel investment volume to hit €800m by end of 2018
The investment volume in the CEE hotel sector is expected to exceed €800m by the end of  »
PST to build Hilton hotel in Vilnius
Panevezys Building Trust (PST) signed a contract with the Viciunai Group to build a Hilton  »
In Europe, the UK leads the way when it comes to new hotel projects: 119,000 rooms are cur   »
Invesco Real Estate acquired the 232-room Sheraton Grand Hotel Kraków for €70m on behal   »
The modern era for Belgrade’s hotel sector dates back just five years. Before that, the   »
The Danube Hotel Park Inn in Bratislava’s old town district has been closed for what its   »