The coronavirus pandemic has affected all segments of the real estate market, including rental housing, and this doubly applies to the Prague short-term rental market, which, according to current statistics, consists of 14,000 apartments. Tenants are now likely to demand flexible relationships with landlords in this uncertain time. Svoboda & Williams is therefore launching a new concept of rental housing—Flexi Rentals—fully furnished apartments with flexible rental terms.
One of the first measures enacted after the global spread of the coronavirus was a complete ban on tourism. The full impact of this on the real estate rental market can only be speculated. Moreover, some form of regulation of this segment can also be expected. Housing units that have until now been used as accommodation for visitors and tourists are already starting to create a surplus in the selection of apartments for rent in the wider center of Prague. The market thus has to contend with an unprecedented disruption that will affect all landlords, including those who rent their properties on a long-term basis.
Svoboda & Williams has therefore come up with a solution for the rental market: Flexi Rentals. This new concept of rental housing offers landlords complete management services of their unused units, which also include furnishing them fully. “Tenants will be able to sign contracts for a rental period that suits them and won’t have to worry about procuring furniture. We believe that this type of rental option will be greeted positively by people due to the current situation,” adds David Šimeček, Head of Residential Rentals at Svoboda & Williams.
