Vacation rental

Huge slump in short-term rental bookings

Online bookings for short-term holiday rentals in Athens have declined by some 70 percent in recent days due to the Covid-19 epidemic.

Sector professionals say that "it's like we are still in January, although we are heading toward the Easter holidays." It appears that April will be even worse, given the increasing measures against traveling and gatherings in most European countries.

Short-term property rental market saturated

The number of properties up for short-term lease in Greece has soared from just 130 in 2010 to over 200,000 by the end of 2019, according to a survey by the Center of Planning and Economic Research. Despite the huge changes this surge has brought to the property market, however, the regulatory framework has resisted change and adjustment to reality.

Government mulls tax on Aibnb, short-term rentals

The tourism ministry is considering imposing a tax on short-term rentals such as Airbnb on the grounds that it would establish equal treatment with hotel accommodations.

As the daily Ta Nea has reported, sources say that Tourism Minister Haris Theocharis is planning to table a bill in Parliament that would substantially change the framework set by the previous government.

Airbnb Expects to Go Public in 2020

Airbnb, a private rental company, has announced that it plans to go public in 2020, DPA and Reuters reported. From now on, analysts predict that this will be one of the most anticipated listings in the coming year.

In a brief communique, Airbnb announced that it "expects to become a publicly traded company in 2020".

Tax authorities enlist Airbnb’s help

Greece's tax administration intends to ask for help from short-term property leasing platforms in order to identify the owners or managers of some 20,000 properties that have not been declared to the Independent Authority for Public Revenue (IAPR) as they need to be in order to be given the necessary property registration number.