Seize the Olympic Opportunity: Rent Your Parisian Apartment for the 2024 Paris Games
From July 26 to August 11, 2024
UpperKey Featured in Forbes: Insights for Real Estate Investors
We are proud to have contributed to a Forbes article discussing real estate investment opportunities surrounding major events, such as the 2024 Olympics in Paris. Discover valuable advice for property owners with assets near these significant occasions. Read the full article here.
Why the 2024 Olympics is a Golden Opportunity for Parisian Property Owners
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Demand surge: Expect up to a 50% increase in rental inquiries.
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Higher rates: Some properties in Paris have significantly increased their rates and are starting to receive bookings.
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International clientele: Attract guests from around the world, willing to pay premium prices.
Legality of Paris Vacation Rentals
Renting During the Olympics: What You Need to Know
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Paris Airbnb Regulations: Ahead of the 2024 Olympic and Paralympic Games, Airbnb and other short-term rental platforms are preparing for stricter regulations in Paris.
The French Government is set to sign a charter that will require platforms like Airbnb to display notifications on listings in Paris that are priced significantly higher than comparable listings for stays between 26 July and 11 August, the period of the 2024 Olympics.
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Airbnb Rental Duration for Paris: In Paris, only principal residences can be freely rented out to tourists. However, they must first be registered at the town hall (Mairie) and can be rented out for no more than 120 days a year.
Paris has been stringent in enforcing this rule, with landlords and property owners who exceed the 120-day limit facing potential hefty fines. UpperKey helps landlords with these administrative aspects.
Which cities will be involved in the Olympic Games?
The cities in France that will be involved in the Paris 2024 Olympics include:
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Paris
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Marseille
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Lille
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Lyon
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Bordeaux
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Saint-Etienne
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Nantes
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and Nice.
These cities will host various events, with Paris being the central hub for the Games.
In addition to hosting a diverse range of events, these cities will provide unique cultural and historical settings, adding to the overall experience of the Games. Each location will offer its own distinct flavor and attractions, contributing to a memorable Olympic experience for athletes, visitors, and viewers worldwide.
Where will the 2024 Olympic Games be held in Paris?
The Paris 2024 Olympics will utilize various iconic and newly constructed venues across the city. Some key locations include:
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Stade de France: Hosting the opening and closing ceremonies, athletics, and rugby
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Parc des Princes: Football events.
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Arena Bercy (Accor Arena): Basketball, artistic gymnastics, trampoline, and wheelchair basketball
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Eiffel Tower, Grand Palais, Esplanade des Invalides, and Champ de Mars: Transformed into competition venues for sports like break dance, skateboard, BMX Freestyle, fencing, archery, judo, and wrestling
Paris 2024: How to rent furnished accommodation
For property owners looking to rent out their furnished accommodation during the Paris 2024 Olympic Games, here are some strategies to consider:
1. Utilize Online Booking Websites: Platforms like Booking.com, Expedia, and Airbnb offer global visibility.
2. Focus on Safety and Comfort: Equip your property with essential amenities, ensure it's well-maintained, and consider offering additional services like high-speed internet.
3. Early Marketing and Flexible Terms: Start advertising your property well in advance of the event.
By following these steps, property owners can effectively market their accommodations to visitors of the Paris 2024 Olympics, maximizing occupancy and revenue.
Why UpperKey is Your Best Choice for Paris Olympic Rentals
At UpperKey, we understand that your property is more than just a listing; it's a valuable asset. That's why we go above and beyond to ensure it's not only presented in the best light but also protected at all times. Our comprehensive services are designed to give you peace of mind while maximizing your earnings.
Property Care:
We treat every property as if it were our own, ensuring it's maintained to the highest standards.
Property Insurance:
For added peace of mind, we take out insurance on every property, offering an extra layer of protection.
Secure and Swift Payments:
Benefit from our secure payment system, with transparent reporting so you're always in the know.
Guest Vetting:
Every guest is thoroughly vetted with background checks to ensure only the most reputable renters occupy your space.
Expert Property Evaluation:
Our team conducts a detailed evaluation to price your property optimally, ensuring you get the best returns.
24/7 Guest Support & Property Management:
Our dedicated team is always on hand to assist guests and manage your property, ensuring a seamless experience for both you and the renters.
Damage Deposits:
We require damage deposits from guests, ensuring any potential mishaps are covered.
Professional Presentation:
With professional photography and listing optimization, your property will stand out and attract premium guests.
Expert Vacation Rental Marketing:
Leveraging strategic listing creation, management across top platforms, and data-driven pricing for optimal visibility and bookings during the Olympics.
