Like many Parisians, Martin Cassan might be heading the opposite approach when the tidal wave of Olympics guests hits the French capital in late July, taking the chance to make some further money by renting out his condo.
Tucked just below the attractive Parc des Buttes-Chaumont, a 30-minute stroll from the Parc de la Villette the place a number of delegations may have their group homes through the Video games, Cassan’s flat is bathed in gentle and might be full of the 37-year-old’s books – and even some meals.
In April, his one-bedroom condo might be rented out for 90 euros an evening earlier than costs rise to 330 euros an evening through the July 26-Aug. 11 sports activities extravaganza – not at all a discount, however nonetheless removed from the fantasised numbers that circulated final 12 months.
Reuters noticed a two-bedroom condo with a personal terrace within the Marais, nearer town centre, listed for 500 euros an evening. It has but to be rented out, in accordance with its proprietor.
“There might be lots of people in Paris, which will get actually scorching in the summertime. Utilizing public transports might be a bit sophisticated so I desire to be in a spot that is much less crowded and extra quiet,” Cassan, an account supervisor, instructed Reuters.
Cassan will get round 45% of the nightly charge he’ll make after deducting lodging operator Airbnb’s reduce, taxes and cleansing prices.
“If it is rented throughout the entire interval of the Video games, it is greater than a month’s wage,” he stated.
He isn’t forgetting the Olympic spirit, nonetheless, and will function a volunteer through the Aug. 28-Sept. 8 Paralympics.
Airbnb have stated Paris 2024 might be “the most important occasion in Airbnb’s historical past, with inexpensive and handy lodging within the cities internet hosting occasions but additionally the encircling communes, that are often much less touristy,”
in accordance with Clement Eulry, director for France and Belgium at Airbnb.
“In response to Deloitte, stays on Airbnb ought to allow hosts to generate extra earnings for the residents of Ile-de-France and generate greater than 1 billion euros in financial impression in France,” he instructed Reuters.
Paris, nonetheless, has strict guidelines and permits house owners to lease their condo for a most 120 days a 12 months.
“It is arduous to manage, nonetheless. However a legislation that is about to go will make our brokers’ job simpler and we will crack down on unlawful renting in a extra environment friendly vogue,” Paris deputy mayor for housing Jacques Baudrier instructed Reuters.
“As for the costs, I do not anticipate them to be sky-high because the market goes to control all this.”
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