Short-term rentals: returns grown by 20% in Milan
24 September, La Repubblica
In the first semester of 2018, the profits in the short-term rental market rose by 20% in Milan and up to 12% in Rome, due to the price increase and the occupancy rate. The market in Bologna is steady with the occupancy rate decreased by 3%, and prices increased by 4%. In Florence, returns reduced by 2.97%. These figures come from the Third Report on Short-Term Rentals by Halldis, the leading Italian company specialised in short-term rentals on behalf of property owners.
The average occupancy rate in Milan was equal to 85.68%, having grown by over 10% in comparison with the same period of last year. Regarding the same period, Rome registered a saturation rate of 69.25%, nearly 5% more than the first part of 2017. As in Milan, the growth concerned the old town.
In Bologna, the occupancy rate decreased by 3%, although prices grew by 3.99%. Florence reported a similar situation, recording a 2.32% increase of the occupancy rate but prices dropped significantly, due to the high availability of properties, especially from privates.
Source: La Repubblica
Translator: Cristina Ambrosi