This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.
This is the case of housing, since normally people rent an apartment or house with a one-year contract.
This traditional way that according to experts, does not generate as much profitability as offering the same property for rent but for days or months, depending on what someone needs.
Official data on the Airbnb market in Bogotá reveal that the capital of the country beats New York in volume of tourists using Airbnb in the year. In fact, in the Colombian capital there are just over 10,000 units published on the platform, of which only 6,000 are active.
"There are projects that are carried out in order to lease for short stays. Now, with those already built it happens that this exploitation has had regulatory problems, because in the horizontal property regulations this type of lease has never been contemplated," said Iaron Korn, a spokesman for Akorn Architects.
The spokesperson also explained that the areas where this type of service is taking place most is north of Bogotá, in the Chicó sector and in the center, for example in La Candelaria. Likewise, Medellín is one of the most important tourism centers with Airbnb.
According to the expert, Airbnb hosts in Medellín received almost 182,000 passenger arrivals during the holiday season, a figure that represents a growth of 82%, compared to the same period during 2017.
According to Korn, regulation in Colombia is for these types of leases.
"There is no legal vacuum. The Government has been a great promoter of these initiatives. Since 2009 there is a decree that regulates tourist housing; there is already a law in this regard that says first, provide this service in horizontal property that allow it and second , have a national tourism registry to tell the government who you are and who your customers are."
— Iaron Korn
Today, the construction companies manage the Airbnb account of a Colombian and even provide the cleaning service as if it were a hotel, which is generating more profitability in the infrastructure and tourism sectors in the country.
This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.
Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.