AFI Home retains 70% of tenants as demand for modern rental housing grows in Prague

AFI Home reports that 70% of tenants in its Prague rental portfolio have renewed their leases for another year, according to data for the first half of the year. The company manages nearly 900 apartments across several locations, with only 30% of units returning to the market for new tenants.

The retention rate is attributed to a combination of stability, service quality, and convenience. AFI Home properties offer 24/7 security, professional maintenance, and amenities such as supermarkets, laundry facilities, coworking spaces, and well-designed communal areas. Fully furnished apartments, available for immediate occupancy, have proven popular among expatriates, young professionals, and tenants in transitional situations.

Tenants who do leave typically do so for work-related relocations. AFI Home operates residences including AFI Home Třebešín, AFI Home Karlín, and AFI Home Kolbenova, all located with access to public transport and local services.

The company is expanding its portfolio with two major developments: AFI Home Nová Elektra, offering 291 apartments, and AFI Home V Korytech, which will add 519 units. Both projects will include additional services intended to enhance tenant convenience and meet demand for modern rental housing in Prague.