Property owners are taking full advantage of a supply and demand mismatch to drive prices up to unimaginable levels Rental prices in Davos, Switzerland during the World Economic Forum (WEF) have become a spectacle of the absurd. However, for local landlords this is not something outrageous but merely business as usual — a prime opportunity to capitalize on the presence of the global elite to generate substantial income. With only around 50 fully booked hotels and a limited number of vacation homes providing about 25,000 beds for visitors, Davos is pushing its capacity limits. This falls far short of what’s needed
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