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 in Greece are seeing occupancy rates rise for the three-day Clean Monday (Kathara Deftera) weekend marking the end of carnival season.
Greece was among the “power markets” in Europe that were able to grow nights booked at short-term rentals this summer relative to the prior peak period of 2019, according to AirDNA.
Greece’s short-term rentals may have saved many struggling Greeks during the economic crisis years, but the practice needs immediate regulation, says INSETE.
Changing diving tourism regulations and establishing rules for short-term rentals in Greece are among the current focus areas of the Greek Tourism Ministry.
The once buzzing Athens neighborhood of Psyrri is coming back to life as more and more buyers invest in short-term rentals, boutique hotels and accommodation facilities.
The economic crisis, which took a bite out of Greeks’ wages or even left them unemployed, has led an ever-growing number to turn to short-term rentals.
