Greek News Economy Greek Government Plans To Restrict Airbnb-Style Platforms

Greek Government Plans To Restrict Airbnb-Style Platforms

The Greek authorities are planning to implement a number of restrictions on both landlords and companies which rent out their properties via Airbnb-style platforms, according to Greek media reports.
The huge increase in the number of properties that have disappeared from the “normal” real-estate market in order to be offered on platforms for short-term rentals has created many problems in Greece.
Greek citizens now often find themselves struggling to find a house or apartment to rent in the centers of the big cities. Just as importantly, the Greek state is losing massive amounts of taxation income.
Among the measures which are being studied by the Greek government and may soon be implemented, is the establishment of a maximum number of properties which can be rented by a single person.
This number could be as low as just two properties per individual.
Another measure might be the establishment of a cap on the number of days someone can rent his or her property. This could be ninety days per calendar year for Greece’s cities and big islands and sixty days for small islands with a population of less than 10,000 people.
Another idea being floated is a cap on the money these properties could generate, if rented via Airbnb-style platforms.
The Greek authorities are considering legislation stipulating that a maximum of €12,000 of income can be earned annually per property. If an individual reaches the amount of €12,000 earned by renting a property via these platforms, they will no longer be able to rent the property for that calendar year.
These measures are not yet finalized, but Greek authorities are facing widespread disapproval with the current housing situation in the nation. The government is being urged to act soon, as the situation is seen to be deteriorating rapidly.
According to the results of a recent study conducted by Greece’s Center of Planning and Economic Research, more than 126,000 Greek homes, apartments, and properties are currently listed on these online platforms.

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