Greek property owners are increasingly abandoning long-term leases for the more lucrative short-term rental market, particularly on platforms like Airbnb. In 2023, the number of owners opting for short-term rentals rose to 150,000 from 125,000 in 2022.
During the same period, there was a significant 33% increase in income from Airbnb-type rentals, reaching €677 million compared to €510 million in 2022, as reported by the Independent Authority for Public Revenue (AADE).
The Short-Term Property Rental Registry saw declarations rise to 1,695,957 in the January-October 2023 period, up from 1,247,904 in the corresponding months of 2022.
According to the Annual Report of Greek Tourism by the Institute of the Hellenic Tourism Federation (INSETE), Greece boasted 212,199 short-term rental accommodations in July 2023, contributing to the growth of the real estate, construction, and tourism sectors.
In Athens, the average nightly rate for Airbnb accommodations is €95, with Zappeion, Polygono, and Plaka being the top three areas with the highest rates.
This shift has not only created job opportunities but also established new commercial hubs. The trend is reinforced by the positive reviews given by visitors to accommodations, especially in areas like Polygono, the First Cemetery of Athens vicinity, Hellenorossi, and Zappeion.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Ex-PM Samaras expelled from Ruling ND Party
Government spokesman makes the announcement hours after a portion of Samaras' interview with 'To Vima' were released; former PM called for firing of foreign minister
Samaras to ‘Vima’: Support for Karamanlis as Next President
In the Vima article, Ex-premier and ND leader Antonis Samaras also calls for the resignation of FM Gerapetritis, saying he's shown appeasement vis-a-vis Turkish provocations
Year-Long Restriction on Extra Airbnb-type Properties as of Jan 1
As of Jan. 1, 2025, the state will allow the short-term rental availability of only 3 properties in specific Athens districts - a measure that expires at the end of the year
Turkish FM Fidan Returns to ‘Revisionist Mode’ in TV Appearance
Minister Hakan Fidan cites 'more than one problem' in the Aegean needing resolution; quip aimed at domestic audience comes amid significantly improved relations
Civil Defense Warning For Inclement Weather in Central Greece
Notification issued to residents in the central Greece province of Thessaly, the south-central prefecture of Fthiotida, the large island of Evia and the Sporades Island chain
European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024
By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.
Greek State Budget Primary Surplus at €13.489bln Jan.-Oct. 2024
A significant part of this surplus is attributed to the receipt of €3.2 billion in October from the new concession agreement for the Attiki Odos
Euroxx Securities Raises Price Targets for Greek Banks
Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.
Greece Hits Lowest OECD Ranking in Living Standards, GDP
At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.
EFKA to Launch Digital Personal Portfolio for Insured Citizens by End of 2025
This way, insured individuals can quickly determine their coverage period, any debts, and whether they have valid insurance coverage.
![Φυσικό αέριο: Νέο ράλι στις τιμές – Πόσο αντέχουν τα αποθέματα [γράφημα]](https://www.ot.gr/wp-content/uploads/2023/01/OT_naturalgas-90x90.jpeg)
![Ελληνικός τουρισμός: Ανεβαίνει και άλλο στην ελίτ των ξενοδοχείων πολυτελείας – Ποιες αλυσίδες έρχονται [πίνακας]](https://www.ot.gr/wp-content/uploads/2024/11/oo1-90x90.png)
![ΟΟΣΑ: Στροφή των επιδοτήσεων για τη γεωργία στην καινοτομία [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/11/ot_agriculture_drone1-1-600x352.png)
