Efekt krátkodobého pronajímání nemovitostí na cenu nemovitostí v Praze

Peer to peer market has helped various individuals to find a required service efficiently and quickly. Airbnb as such example showed its big advantage for intermediation of accommodation for people all around the world. However, the presence of Airbnb brings the discussion about its effect on housing market. Empirical studies recorded positive effect of short-term rental on housing prices. In other words, Airbnb activities do increase housing prices. In 2020 short-term rental Airbnb was disrupted by Covid-19 pandemic. This raises the question: What effect this disruption will have on housing prices? To answer this question two Prague-based datasets were created using web scraping. The first dataset including short-term rental information divided Prague into two parts: the central part with higher number of Airbnb listings (Group 1) and the outer districts less effected by short-term rental (Group 0). This distribution was used in the second dataset which shows information about long-term rental prices and housing selling prices. The stationarity test pointed out that long-term rental prices in Group 1 reacted differently during the pandemic than in Group 0, whereas the difference in housing selling prices reaction between two groups was not significant. This research shows that the decreased activity of short-term rental – Airbnb more probably had an immediate effect on long-term rental prices. The question is whether this effect will appear in the future also in the housing selling prices.