How is COVID-19 Affecting the Housing Market in Slovenia? Sales, Rentals, Airbnb

By , 20 Mar 2020, 16:55 PM Lifestyle
How is COVID-19 Affecting the Housing Market in Slovenia? Sales, Rentals, Airbnb Screenshot

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STA, 20 March 2020 - With tourism grinding to a halt as the country fights the coronavirus outbreak, Slovenia could learn some lessons regarding housing policy, including that the market should not be trusted just about everything, Dnevnik says in Friday's commentary.

The commentary notes that people who lease their apartments via Airbnb have quickly realised that they will have no turnover whatsoever as tourist visits to Ljubljana steeply dropped with the arrival of coronavirus.

They have started advertising one- to two-month leases, and then also for longer periods, but of course, in the time of quarantine and self-isolation, this did not help either.

Real estate agencies are closed, people are locked in at home and no one is looking for an apartment if this is not really necessary. Completely unrealistic expectations of owners are another problem.

No one knows when the situation will normalise, and when it does, much time will need to pass before tourists fill up Ljubljana again, Dnevnik adds in Airbnb Apartments Are Now Good for Locals.

As for many people renting apartments to tourists is the principal activity, and not only a side business, these individuals, as well as many others in the tourism and hospitality industry, are in a difficult situation.

It seems that a majority of people feel no empathy towards real estate owners who earned money via Airbnb, and there are even calls that they should show their social responsibility by renting out their empty apartments to medical staff for free.

"The people's reaction is understandable, but it would be wrong to succumb to anger at this moment. Reason tells us that if we learned something from this crisis, it is that not all bets should be placed on the market."

For this reason, the state needs to regulate apartment renting via Airbnb, create conditions for an orderly rental market, and build public rental apartments as a priority. This would be a precious measure during the recovery period.

All our stories on coronavirus and Slovenia are here

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