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Short-term rentals are in demand in Prague
Hospodářské Noviny, the Czech newspaper says that short-term rental housing is getting more and more popular in Prague. Websites like Airbnb shows that for the period 2015-2016, about 7,000 apartments was billed for rent in Prague, as for objects are given on a for a long-time lease only 3000 offers were found, writes Prague.Tv.
Definitely, this situation has a positive effect on hotel business, but the market also needs a strict control which is introduced into other countries, says the author of the article in Hospodářské Noviny.
Low mortgage rates in the Czech Republic lead to the fact that the Czechs purchase apartments purposely for a future rent.
Experts predict a further rise in prices for rent in Prague on 10-20%, especially in the small apartment.
Definitely, this situation has a positive effect on hotel business, but the market also needs a strict control which is introduced into other countries, says the author of the article in Hospodářské Noviny.
Low mortgage rates in the Czech Republic lead to the fact that the Czechs purchase apartments purposely for a future rent.
Experts predict a further rise in prices for rent in Prague on 10-20%, especially in the small apartment.
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