Prague City Hall data shows more flats up for rental in the center, and at lower prices

Data for rentals came from the real estate portal Sreality.cz, and data related to Airbnb from the Blahobyty.cz server.

“I am pleased that our Golemio data platform has published another analysis on, among other things, short-term leases in Prague. We want as many of our decisions as possible to be based on hard data, especially if we are talking about providing short-term accommodation services that are actually based on data,” Prague Mayor Zdeněk Hřib (Pirates) said.

“Clear rules of the shared economy are a priority for us both at the Prague level and at the national level, especially with regard to the current situation affected by the coronavirus epidemic,” he added.

The analysis of Sreality.cz data also shows that the median price of new apartment rentals in the week from April 13, 2020, for example, decreased by 20% compared to the last week of February in Prague 1. The rental price from 388 CZK per square meter fell to 309 CZK per square meter. As for short-term rentals via Airbnb, there were 15,000 stays in Prague in March this year, which is fewer than half of March last year, when 32,000 stays were made.

Travel restrictions began in the middle of March, blocking most foreigners from entering the country. Stay-at-home orders discouraged domestic tourism.

The data platform is one of the Smart Prague concept’s six main areas until 2030, City Hall said. “The Smart City is above all a human-friendly city for us, and we believe that the use of new technologies in the urban environment should primarily serve Prague residents. Therefore, we perceive the data platform as the heart of smart Prague, which draws on and combines available city data, but also provides it further and enriches it with clear visualizations and analyzes,” Michal Fišer, CEO of Operátor ICT, which includes Smart Prague projects such as the Golemio data platform.

“These serve not only the general public, the media, academics and developers, but also significantly those who decide on the future of the city,” he added.