According to a study, June is the most profitable month for Parisian homeowners, while renting in August is not recommended.
This is a calendar that should interest many homeowners using the Airbnb platform to supplement their income in Paris. The concierge company Guest Ready has developed its “Airbnb Hosting Calendar 2020.” A document published by the blog LogeToi.fr that allows you to know the best times to rent your property.
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The calendar was created based on data collected from thousands of Airbnb rentals between 2016 and 2019. Contrary to what one might think, August is far from being the best time to rent your home in Paris. It is even the month with the lowest rentals: 72 euros per night, on average.
Fashion week and Roland Garros more expensive
This situation can be explained by the fact that “the number of short-term rentals increases – as Parisians go on vacation – while demand decreases,” explains Jacques Lavie, sales and marketing director of Guest Ready, to 20 minutes. Furthermore, the occupancy rate in August is only 71%.
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This is much lower than in June, when Airbnb property prices skyrocketed. Expect an average of 103 euros per night for the most expensive month of the year. Other months where it is particularly interesting to rent include October (102 euros per night) and September (100 euros per night). Conversely, you should avoid February (79 euros per night), January (80 euros per night), and December (81 euros per night).
Please note, however, that monthly averages can vary significantly. Certain events can cause prices to soar. In January, for example, the “Maison et Objet” fair is expected to increase prices by an average of 14 euros per night from January 17 to 21. The fashion week at the end of February will also lead to an average price increase of 10 euros. Roland Garros in May and June will also cause a price hike. Expect an average of 120 euros per night during the tournament.