connect with us
Greece's latest tourism industry news by Greek Travel Pages (gtp)

Greece Looking to Add Restrictions to Airbnb-style Rentals

Lycabettus, Athens. Photo © Maria Theofanopoulou

Lycabettus, Athens. Photo © Maria Theofanopoulou

In view of the soaring number of short-term home rentals made available in Greece, over the last two years, the Greek government is reportedly looking into ways to restrict the practice.

pixabayAccording to media reports, a committee made up of officials from the economy, finance, labor and tourism ministries, is planning to draw up a ministerial decision imposing restrictions on the number of nights and properties that individual operators/owners and/or management companies can lease in a given period.

It should be reminded that according to draft legislation covering home-sharing practices in place since 2016, a single operator can lease only two properties for no more than 90 days per year and in the case of small islands with a population under 10,000, for 60 days, and only operators with annual income from rentals under 12,000 euros, can lease their properties longer than the 90-day (60-day) quota.

The so-called Airbnb phenomenon has been a thorny issue for the Greek government, which seeks on the one hand to benefit from the resultant revenue and on the other maintain a balance with hospitality sector stakeholders who have repeatedly called for tighter measures particularly in terms of taxation.

According to cabinet meeting last week, turnover from home-sharing practices in 2018 in Greece reached 2 billion euros. At the same time, availability of long-term rentals has plunged, rents for long-term housing have soared, and aiming to benefit from the trend owners have moved ahead with evictions of tenants.

Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece.
About the Author
This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner.

Add your comment