The offer of rental housing in Prague exceeds the demand

How did you find out about Flatio?

I am responsible for short-term renting of flats at the company where I work. It is necessary to fill the vacancies, even out of season, and that is why I have started looking for new possibilities. And that is also when I found out about Flatio and medium-term renting. I read some more about it and got interested.

How do you feel about the current situation regarding flat rentals in Prague?

In general, I think that the offer exceeds the demand. The prices are going up and so is the number of flats. We ourselves are starting a project with new flats at the moment, and there is a lot of such projects in Prague, so the competition is tougher as well. However, if your offer is good, you do not have to worry for now. I have even read somewhere that the Holešovice district was selected as one of the best locations in the world by travellers from around the world. It is close to the centre, full of restaurants and cafés.

Do you also notice offers, where the price does not correspond with reality?

Absolutely. I have seen offers of flats, for which the owners wanted as much as 20 000 CZK, even though they were not furnished or cleaned, which in that case does not make sense. The price should correspond with the quality of the accommodation.

How do you feel about the concept of medium-term rentals?

I think it is a good idea. It is a novelty I have heard about only recently. As I have mentioned, it is important mainly out of season – in January and February, the first half of March, also November and December, when there is a problem with short-term rental vacancies. It made me curious and the management is of course interested as well.

What is your attitude towards the technological advances in real-estate?
We at Flatio provide, for example, VR inspections of the flats.

I know, we got a gift from Flatio – VR goggles. We have tried the device, it is really beautiful and it works. To assemble the goggles was not as difficult as we had feared. The gift really surprised us and made us happy. We ourselves would like to introduce VR flat inspections in the future. For now, I have not seen them anywhere else apart from Flatio.

As a foreigner, how do you find living and working in Prague?

Since I have come to Prague in 2009, the city has changed a lot, I have to say. It is a different city today, with different prices, opportunities and future. People travel more and for longer periods of time. My living here has been a pleasant experience, I like it here a lot.