cold shower for Parisian landlords who hoped to rent at a high price

But for six months “still no tenant, no demand. I think we will return to market prices or even below, as happened in London “in 2012, he says.

Despite the many positive comments, Adriana Herani, 39 years old, owner of a small T2 in Barbès (to the north of the capital), has not found it yet. From 300 euros per night, it has increased to 250 but “still has no one”.

130,000 ads instead of 50,000

For his part, Nathaniel Bruneau, 40 years old, planned to rent his 35m² overlooking the most chic of the Saint-Martin canal, for 800 euros per night during the Olympics, instead of 200. Reduced to 600 euros , “I hope to have customers from the last minute.” but “you have triple the offers compared to last year, 130,000 instead of 50,000”, notes this Airbnb regular.

“There are more requests than in a normal year, but there are also a lot more offers: the number of rental properties has almost doubled, so the additional demand is very diluted,” confirms Quentin Brackers of Hugo, co-founder of the concierge service HostnFly which manages 2,500 accommodations in Paris and the surrounding area on platforms such as Airbnb, Booking or Abritel.

The average price of accommodation booked on its platform is around 360 euros per night, or 20% less than a month ago.

“With the prices becoming more and more accessible”, the manager hopes for “last minute reservations”, especially since “the French do not have many reservations”. The goal of an occupancy rate “around 60/70%” compared to 30% today.

Fifteen million visitors are expected in Ile-de-France during the Games, according to the Paris tourism office.

Supply and demand set prices

In Airbnb, “the nights booked in the first quarter for stays during the period of the Games were more than five times higher than they were in the Paris region during the same period of the previous year.”

The platform, singled out for the astronomical prices set by some owners during this period he emphasizes that it is the increase in supply that regulates prices.

The Olympics are “on track to become the biggest event in Airbnb history, with more travelers staying with local hosts on our platform than at any event before,” the group says.

And “almost half of new active listings received a reservation in the first seven days of their registration,” he assures.

“The European public and the French public are in a very waiting position”, counting on a rebalancing “of supply and demand (…) to have perhaps better prices, if it does not leave the goods “, analyzes Pierre. -Louis Monteiro, project manager at Adil (Agence Départementale d’Information sur l’Habitation) in Paris.

“Without a doubt there is a return to reality. Prices are falling, yes, but it still remains quite high and still remains much more, quotation, interesting and lucrative than the traditional rent”, according to this manager currently contacted by the Olympic volunteers who cannot afford to pay several hundred euros.

According to the data analysis site AirDNA, the price of ads still available for the Games is gradually falling, but remains high: 508 euros per night on average in Paris, 297 in the suburbs. But it is less for accommodation already reserved: 333 euros in Paris and 188 in the suburbs.

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