Paris Airbnb goldrush ends as Olympics approach
The Peninsula
Paris: Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left d...
Paris: Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left disappointed as prices crash close to the start of the Games.
With a month to go before the opening ceremony, many say they have been forced to dramatically lower their prices to attract renters, while others have given up altogether.
After listing her flat on the short-term letting website Airbnb, 28-year-old real estate worker Giulia "could already picture the bundles of cash we could go on holiday with."
But the lucrative booking she dreamt never materialised.
In January, Giulia was asking for an "exorbitant" 550 Euros ($588) a night to rent her place in the working-class 18th district of northern Paris.
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