The Effect of Airbnb on Prague Housing Market
|Author:||Mgr. Daniel Ondruška|
|Year:||2021 - summer|
|Leaders:|| Mgr. Petr Polák MSc. Ph.D.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||This thesis studies multiple topics but its main purpose is research of the effect of home-sharing
platform Airbnb on house prices and rents in Prague. Sharing economy in general is still a new sector
and it is very hard to uncover and correctly analyze it and therefore there are not yet that many
studies on this topic. Using very contained and detailed datasets of Airbnb listings, house
transactions and renting, we prove that there is a relationship between Airbnb activity and house
prices. The results suggest that the increase of Airbnb listings by 1\% leads to a 0.01\% in house
price. We also look at COVID-19 and its impact on house prices and rents. This part will be very
theoretical since the pandemic is still an actual topic and its real effect might not be fully visible yet.