Vacation rental

Psyrri attracts investors aiming at capital gains from properties

Psyrri, the Athens neighborhood situated near Monastiraki and Plaka that had been in decline in recent years after becoming something of a hotspot for entertainment venues and eateries in the 1990s and 2000s, is today proving increasingly popular among both tourists seeking holiday rentals and the accommodation market in general.

Athens apartment prices up 2 pct in Q1

The Athens housing market remains under the strong influence of short-term rentals, as 70 percent of buying interest in small residential units concerns properties destined to be upgraded and leased through websites such as Airbnb and HomeAway. As a result property prices posted mild growth in the first quarter of 2019, according to an analysis by Geoaxis chartered surveyors.

Tax authority pilot crackdown traces dozens of offenders

In a pilot crackdown last year, the Independent Public Revenue Authority (AADE) traced hundreds of foreign nationals who purchased properties in Greece without declaring them, thus avoiding the ENFIA property tax, and dozens of taxpayers who had concealed their incomes from rental properties. 

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