Since the beginning of 2023discussion of the imposition of measures on the short term rental market has been on the table, which, while it has brought revenue to the state, has created a problem with the availability and prices of properties for rent and sale, especially in urban areas., which, while it has brought revenue to the state, has created a problem with the availability and prices of properties for rent and sale, especially in urban areas.
According to information, the discussion will start from scratch, however, it seems that the government is oriented towards imposing restrictions on the number of properties that an owner can rent out, as well as setting a maximum time limit for which the property can be used on the platform.
The measures that are on the table
There will be a different treatment for companies or managers that rent out many properties, while changes will also be made to taxation.
In particular, with regard to real estate managers and large companies, what is being considered is for them to become legal entities and receive a special operating mark. In these cases VAT and accommodation tax will be imposed as in hotels.
Limitations on the number of homes that can be rented out by a single VAT number.
Formation of time limits regarding the lease of the houses for short-term lease in cooperation with the municipalities.
Limits on the number of homes that can be rented out by each VAT number.
VAT imposition. Today Airbnb owners are not required to pay VAT. From 2025, however, this will change at the European level and VAT will apply to short-term rentals. For property owners, the VAT will be withheld by the platform and paid to the Greek State, so that the owners do not have to open books.
The short-term rental law
It is worth noting that in 2016 a law was passed that included a series of “tools” to limit short-term rentals, however a ministerial decision was never issued to make it concrete.
Specifically, the law states: By joint decision of the Ministers of Economy and Development, Finance and Tourism, for reasons related to the protection of the residence, geographical areas may be defined, where restrictions will apply to the availability of real estate for short-term rental as follows:
a. Do not allow the short-term rental of more than two properties per tax number of beneficiary income.
b. The lease of each property should not exceed 90 days per calendar year and for islands with less than 10,000 inhabitants 60 days per calendar year.
Exceeding the duration is allowed, as long as the total income of the lessor or sublessor, from all the properties available for lease or sublease, does not exceed 12,000 euros per year.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
![Σερβία: Σκληρή μάχη με γεωπολιτικές και περιβαλλοντικές προεκτάσεις για το μεγαλύτερο ορυχείο λιθίου στην Ευρώπη [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/11/lithium-600x364.png)
