When the tidal wave of Olympic vacationers arrives in Paris in late July, Martin Cassan, like many different Parisians, will probably be touring in the wrong way, seizing the possibility to earn some further money by renting out his condominium.
Tucked just below the gorgeous Parc des Buttes-Chaumont, a 30-minute stroll from the Parc de la Villette the place a number of delegations could have their group homes through the Games, Cassan’s flat is bathed in mild and will probably be full of the 37-year-old’s books – and even some meals.
In April, his one-bedroom condominium will probably be rented out for 90 euros ($97.50) an evening earlier than costs rise to 330 euros an evening through the July 26-Aug. 11 sports activities extravaganza – certainly not a cut price, however nonetheless removed from the fantasized numbers that circulated final 12 months.
Reuters noticed a two-bedroom condominium with a non-public terrace within the Marais, nearer the town heart, listed for 500 euros an evening. It has but to be rented out, based on its proprietor.
“There will be a lot of people in Paris, which gets really hot in the summer. Using public transport will be a bit complicated so I prefer to be in a place that’s less crowded and more quiet,” Cassan, an account supervisor, advised Reuters.
Cassan will get round 45% of the nightly payment he’ll make after deducting lodging operator Airbnb’s reduce, taxes and cleansing prices.
“If it’s rented during the whole period of the Games, it’s more than a month’s salary,” he mentioned.
He is just not forgetting the Olympic spirit, nonetheless, and will function a volunteer through the Aug. 28-Sept. 8 Paralympics.
Airbnb has mentioned Paris 2024 will probably be “the biggest event in Airbnb’s history, with affordable and convenient accommodation in the cities hosting events but also the surrounding communes, which are usually less touristy,” based on Clement Eulry, director for France and Belgium at Airbnb.
“According to Deloitte, stays on Airbnb should enable hosts to generate additional income for the residents of Ile-de-France and generate more than 1 billion euros in economic impact in France,” he advised Reuters.
Paris, nonetheless, has strict guidelines and permits house owners to lease their flats for a most of 120 days a 12 months.
“It’s hard to control, however. But a law that’s about to pass will make our agents’ task easier and we will be able to crack down on illegal renting in a more efficient fashion,” Paris deputy mayor for housing Jacques Baudrier advised Reuters.
“As for the prices, I don’t expect them to be sky-high as the market is going to regulate all this.”
Source: www.dailysabah.com