A bill expected - once passed into law - to regulate an ever-growing shadow economy in Greece, is set to be tabled in parliament in the upcoming period.
At the prospect of making an added 50 or 60 euros a day, Greek property owners are preferring to lease to tourists instead of long-term tenants as more and more are joining sharing economy platforms.
According to a draft law currently being examined at the Greek finance ministry, individuals found renting properties to tourists illegally will be subject to hefty fines.
Greek homeowners can now rent out their houses for temporary use without being required to obtain a special operations label following an amendment made to the law last month abolishing rental terms.
