Short-term rental
Short-stay turnover at €3.5 bln
The turnover generated by the accommodation of guests in short-term rental accommodation has increased significantly compared to previous years and is now approaching 30% of the turnover made by hotel units.
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In Cyprus 2% of houses are on Airbnb
A staggering 2% of homes in Cyprus are being utilized as accommodations listed on Airbnb, highlighting concerns about housing availability and regulatory oversight.
The data, focused solely on Airbnb listings, signifies a larger trend of properties being transformed into investment assets rather than meeting housing needs.
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EU lawmakers back transparency rules for rentals
The European Parliament have approved new data-sharing rules that clamp down on illegal short-term rentals to protect the residents of European cities - many of whom face shortages of affordable housing.
The spread of short-term tourist lets via online platforms such as Airbnb has put pressure on the housing market in many places, as it cuts the availability of long-term rentals.
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Agony over the gentrification of Athens
Every time I go to a nice new wine bar in some Athenian neighborhood on the outskirts of the city center, I am overwhelmed by contradictory feelings.
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Short-term rentals beat hotels on beds
The government will adopt a wait-and-see attitude this year in order to assess the effects of the newly legislated framework on the short-term residential rental market.
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The legal battle that could transform Airbnb
The legality of short-term rentals in Greece's designated residential areas lies in the hands of the Council of State.
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Rents expected to fall with new Airbnb regulation
New regulations on daily accommodation rentals for tourism purposes, a practice said to be negatively impacting the housing market, will enter into force on Jan. 1, 2024.
The "Regulation on Activities for Renting Houses for Tourism Purposes" is expected to increase the supply of houses available for regular rentals in the market and decrease rent prices.
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Fresh attempt to redirect tourist growth
New land-use regulations to be approved by the Environment Ministry will attempt to limit tourism development in so-called "saturated" areas and spread it to less developed regions.
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Have short-term rental prices peaked?
A slight drop in the average price of short-term rentals in October may be a sign that the price levels demanded may not be sustainable.
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Short-term rental fee growth
Revenues from the accommodation tax imposed on hotels, rooms for rent and short-term rentals are increasing, according to the 2024 budget.
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