a minute agoNutrellary: Construction mania, herd behavior and collective illusion of a “tourist”
Periskopi(5 months ago)
(5 months ago)Analyst Ardi Nurellar, has said that the construction mania and the Narrative of a “bom of tourist” is creating a collective illusion for easy profits from short-term rent. Nurellar through a post on the social Facebook network has shown that in detail what a short-term apartment in Tirana costs. “To understand the mania of [...]
Nurellar through a post on the social Facebook network has shown that in detail what a short-term apartment in Tirana costs.
To understand the building mania, behavior of the flock and collective illusion of a “tourist boom” that is fed every day by the government and national media owned by builders or concessions, a simple exercise is required: opening the Booking page and see how many apartments for short-term rent are in Tirana for a specific date. In this case, I did it for a couple on May 1. The result turns out there are about 1,376 apartments in Tirana alone, where some” live.
I then compared it to other European capitals, with a much larger population, where it emerges than Athens, with about 3.8 million inhabitants, had about 2,422 apartments. Rome, with over 4.3 million inhabitants, 1,732; Vienna, with over 2 million inhabitants, only 679; Sofia, with over 1.2 million, 600. Or say otherwise, for 1,000 residents Tirana has 2.30 apartments; Pristina 1.91; Athens 0.64; Sofia 0.49; Rome 0.40 and Vienna 0.34.
According to him, that certainly is not enough, for to have a full picture, the average rate of busyness (occupany rate), the average price per night, demand structure, and how attractive the city itself is. But the offer is one of the fundamental indicators of each market in every sector. Tirana and Pristina today have a range of flats for tourist rent, which results proportionally many times higher than in capitals, with global tourism consolidated.
“This does not mean tourism is not growing at all, but means increasing collective expectations for easy profits by shaking the chain of keys is deeply exaggerated. There's been an infective illusion that it's enough to build, make nice furniture, open a booking account.com or airburn.com and money will flow itself. It is a modern form of gold fever, not with shovels and sits in rivers, but with bricks and concrete on every corner of the city. But the economy doesn't function with synchronized dreams, and when everyone invests in the same thing, in the same city, the same TV narrator that promises tourist dealt with”, he wrote. /Periscopi
