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.
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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.
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Airbnb incurs Paris wrath over Olympics partnership
Airbnb became a leading partner of the Olympics in a nine-year deal announced on Nov. 18 that drew strong criticism from Paris, host of the 2024 summer Games.
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.
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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".
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Greek housing sector rebounds at strongest clip in more than 12 years
The recovery in Greece's housing market gained speed in the second quarter with prices increasing at the strongest pace in more than 12 years, helped by an expanding economy and growing foreign interest, central bank data showed on Monday.
Rising rents for students in Athens this fall
University students seeking to rent houses in Athens this autumn will have to shell out as much as a third more in rent compared to last year.
Contrary to expectations, however, short-term rentals through Airbnb are not to blame.
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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.
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Airbnb Already Fully Meets the Requirements of the European Union
The European Commission has announced that following the negotiations with Airbnb, the platform has improved and fully clarified the way in which it presents consumer accommodation proposals and these proposals are now in line with EU consumer law requirements.
Housing sector rebound gains pace as economy recovers
The recovery in Greece's housing market gained speed in the first quarter, central bank data showed, with an expanding economy and growing foreign interest likely to keep the uptrend intact.