The rules property owners in Greece need to follow in order to legally rent out their homes or apartments for the short-term were officially made public.
Airbnb-style rentals have been taking a big bite out of hotel industry earnings but the game is not over yet, says a luxury accommodation professional.
A bill to be voted on in Greek parliament is set to impose a 15-45 percent tax on annual income, earned from the short-term lease of property for tourism purposes.
A total of 48 million euros is estimated to go into Greek state coffers in 2018 according to a document released, revealing a set of 140 EU requirements Greece must implement.
All the more cash-strapped Greeks are renting out their properties to tourists in efforts to make ends meet while taking advantage of a vague legal framework, according to a survey by Danos Real Estate, Consulting & Valuation.
Short term rentals have played a lifesaving role for struggling middle class Greeks who were hit down by the economic crisis, according to the SODIA association.
The UNWTO has launched the Tourism Recovery Tracker, a free tool that compiles all relevant tourism data in one place, giving the ability to track the sector's recovery from Covid-19.
