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Mid-Term Rentals: A Growing Trend in the Real Estate Market. What Does Prague Offer?

In recent years, mid-term rentals have gained significant traction, particularly among corporate clients and international tenants. This trend is part of the flexible living concept, which enables individuals to live temporarily in various cities and countries without long-term commitments. The rise in demand for mid-term rentals reflects a shift in the housing market, providing a practical solution for business travelers, remote workers, freelancers, and students. In cities like Prague, however, this segment is still developing and has yet to fully match the range of options available in other European metropolises. Despite its growing popularity, mid-term rental options remain limited in Prague, where short-term rentals and long-term contracts dominate the market. What is Mid-Term Rental and Why Is It Attractive? Mid-term rental refers to leases that last anywhere from 30 days to 12 months. This type of rental is particularly suitable for people visiting Prague for work assignments, internships, or corporate projects. For tenants like international employees, freelancers, and students, the need for fully furnished, comfortable accommodation is crucial. Mid-term rentals provide a cost-effective alternative to expensive hotel stays while offering the convenience and quality not always available in short-term vacation rentals, which are often designed with tourists in mind. Prague’s...

by Prague Morning Sep 24, 2024

Prague’s Population to Reach 1.97 Million by 2050

According to a recent study by the Institute of Planning and Development (IPR), the city’s population could grow to 1.97 million residents by 2050. This growth will necessitate significant expansion of public services and infrastructure, particularly in areas such as healthcare, social services, education, and burial facilities. A key element of the report is its forecast of Prague’s population dynamics, offering five potential scenarios based on factors such as migration, economic conditions, and residential development. The lowest scenario predicts 1.66 million inhabitants by 2050, while the highest projection reaches 1.97 million. In addition to population predictions, the study highlights current gaps in public services and projects future demands across eight essential sectors: education, healthcare, social services, burial, commerce, recreation, culture, and sport. Alexandra Udženija, Deputy Mayor for Social Affairs and Healthcare, underscored the urgency of increasing healthcare facilities and services: “This forecast confirms that Prague will require a dramatic increase in healthcare services and social facilities in the coming decades. More hospitals, homes for the elderly, and social service centers will be critical, and the city must start preparing now.” The study also provides valuable insights for the education sector, with Councillor for Education, Antonín Klecanda, stressing the importance of...

by Prague Morning Sep 24, 2024

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