The European Commission has presented a set of proposed rules to regulate short-term accommodation rentals and help authorities ensure balanced tourism development.
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 is the word this year with demand for Airbnb-style rentals stronger than ever keeping the country in the Top 3 European destinations in terms of nights booked over pre-Covid 2019.
Cities in Europe are calling on the European Commission to regulate Airbnb-style holiday rentals fearing a post-Covid tourism boom will threaten the liveability of urban centers.
Greece leads the way in Europe in terms of demand for Airbnb-style rentals which was up by 26.5% in the third quarter of the year compared to the same period in pre-pandemic 2019.
Athens ranked 29th among 31 European cities in terms of property market investment and future development, a study by PwC and the Urban Land Institute (ULI) revealed.
Foreign buyers spent €220 million on property in Greece in the first half of 2017, boosting capital inflows by 63.4% compared to the same period in 2016.
